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المشهد العربي
المشهد العربي
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Oil prices sharply declined towards the end of the week, recording losses of over 9%, after shipping through the Strait of Hormuz resumed normally. This signaled an abundance of global supply and a surplus of oil in the market. The prices of Brent crude futures fell to $72.47 per barrel, while West Texas Intermediate (WTI) dropped to $69.55, amid anticipation of the Baker Hughes report on the number of drilling rigs in the United States and its implications for future production.
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