105 Days
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عين ليبيا
Oil prices climb on Gulf supply hopes
Oil prices posted a slight increase today, Monday, amid ongoing flow of crude through the Strait of Hormuz and market reactions to the OPEC+ decision to raise production levels by 188,000 barrels per day starting in August. However, analysts considered that the limited impact of this increase is diminishing due to geopolitical tensions and the partial compliance of some countries with the announced quotas. These factors contributed to oil prices remaining stable at around $69.09 for West Texas Intermediate and $72.31 for Brent.
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