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OPEC affirms oil demand growth
The Secretary-General of OPEC, Haitham Al-Ghais, stated that the organization expects oil demand to continue growing at a rate of 1.2 million barrels per day during this year, despite geopolitical tensions and the closure of the Strait of Hormuz. He emphasized the importance of long-term investment in the oil industry and not being affected by transient events. Meanwhile, oil prices declined, with Brent crude falling to $94.76 per barrel and West Texas Intermediate dropping to $92.78 per barrel.
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