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Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases

Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases
MarketWatch Tuesday 30 June 2026, 18:36 UTC By Myra P. Saefong 1 min read
Key Points

Workarounds for the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil.

Workarounds for the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil.
Strait (LOCATION) China (LOCATION) Persian Gulf (LOCATION)
Originally published by MarketWatch Read original →

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