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Oil’s Stunning Reversal Rekindles Fears of a Global Glut

Bloomberg

BusinessBloomberg·Jul 4, 2026·1 min read

Oil’s Stunning Reversal Rekindles Fears of a Global Glut

Oil prices are tumbling everywhere as a peace deal between the US and Iran unleashes a wave of supply, overwhelming demand from buyers and prompting talk of a glut of crude.

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