Oil Prices Set for Largest Quarterly Drop in Six Years Amid Easing Supply Crunch

Oil prices are projected to experience their largest quarterly decline in six years, as workarounds for the Strait of Hormuz and reduced crude imports to China alleviate the impact of lost Persian Gulf oil.

30 Jun, 18:36 — 30 Jun, 18:36

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marketwatchMostly Factual55d ago

Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases

Workarounds for the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil.

By Myra P. Saefong

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Oil Prices Set for Largest Quarterly Drop in Six Years Amid Easing Supply Crunch

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Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases

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