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Tag: crude oil news today
Commodities
US Crude Oil Inventories Fall More Than Expected as Iran Conflict Intensifies: What It Means for Oil Prices, Gold, and Global Markets
US Crude Oil Inventories Fall More Than Expected Amid Escalating Iran Tensions The latest U.S. Energy Information Administration (EIA) data showed that US crude oil inventories fall by 1.692 million barrels, signaling tighter supply conditions than expected. While analysts had anticipated a larger draw of approximately 1.962 million barrels, the report still marks a significant...
Commodities
China Boosts Diesel and Gasoline Exports in July 2026: What It Means for Global Oil Prices, Asian Markets, and Fuel Supply
China has taken a major step toward easing regional fuel supply concerns by significantly increasing exports of diesel and gasoline for July 2026. The move comes after months of tighter export controls that had reduced the availability of refined fuel across Asia and contributed to market uncertainty. The decision is expected to reshape fuel markets,...