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Oil climbs as Iran deal stalls and SPR sinks to multi-decade lows

1 min read
Source: Yahoo Finance
Oil climbs as Iran deal stalls and SPR sinks to multi-decade lows
Photo: Yahoo Finance
TL;DR

Oil prices jumped after hopes for a US–Iran deal faded and the DOE reported the Strategic Petroleum Reserve at about 298.7 million barrels (the lowest since 1983), with Brent above $85 and US crude around $80 as supply concerns and the Strait of Hormuz persisted; Trump signaled a semi‑negotiating stance, underscoring the market’s tightness.

Topics:businesscommodity-markets#commodity-markets#crude-oil#iran#oil#strait-of-hormuz#strategic-petroleum-reserve
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  1. Oil jumps as US-Iran deal hopes fade, Strategic Petroleum Reserve falls below 300 million barrels  Yahoo Finance
  2. Oil in U.S. Strategic Petroleum Reserve falls below 300 million barrels, lowest since 1983  CNBC
  3. Oil in US Strategic Petroleum Reserve falls to lowest level since 1983  Fox Business
  4. US oil jumps above $80 per barrel as Strategic Petroleum Reserve reaches lowest level since 1983  New York Post
  5. America's oil reserves are the lowest in 43 years  Business Insider

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