Report
Oil steadies after its biggest drop in more than a week amid signs Middle East supply is near pre-war levels
Bloomberg reports that Saudi Arabia resumed oil flows through a pipeline that avoids the Strait of Hormuz, a development linked to signs of rising Middle East supply.
TLDR
Bloomberg reports oil steadied after its biggest drop in more than a week. Signs suggest Middle East supply has risen to near pre-war levels after Saudi Arabia resumed flows through a pipeline that avoids the Strait of Hormuz.
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