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المشهد العربي
Fortis ore hits two-year low
The North Sea oil market experienced a decline in prices, as the Forties crude fell to its lowest level in two years due to a large influx of oil from the Middle East into European markets. This comes amid concerns of an oversupply in the oil market following the reopening of the Strait of Hormuz, which led to a drop in West Texas Intermediate and Dubai crudes, and extended the impact of these pressures on global markets.
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