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Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Reuters
Jul 24, 2022, 6:21 PM
Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.
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