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Crude Oil Jumps 4% as Traders Price In Supply Disruption

freight_commodity_indices UTC: 2026-03-11 10:47:00

Oil prices rebounded early on Wednesday as the market fears a massive supply crunch from the ongoing blockage at the Strait of Hormuz, which offset reports that the IEA is preparing its largest-ever release from strategic oil stocks. As of 6:31 a.m. EDT on Wednesday, the front...

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