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المشهد العربي
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المشهد العربي

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Chinese import drop worsens oil losses

Chinese import drop worsens oil losses

Oil prices declined sharply due to a decline in China's oil imports to their lowest level since 2018, reaching 33.08 million tons in May, as the market awaits the release of American inventory reports. The market was also affected by escalating tensions between Iran and Israel following American statements about reaching an agreement with Iran.

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