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Oil posts largest quarterly price drop in 6 years as historic supply crunch eases

Economy MarketWatch By Myra P. Saefong 30 Jun 2026 19:07 1 min read
Oil posts 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.

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

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