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Oil: Supply risks offset reserve releases – OCBC

OCBC’s FX and commodities strategists highlight renewed Middle East supply risks that pushed oil prices higher despite strategic reserve releases.

OCBC’s FX and commodities strategists highlight renewed Middle East supply risks that pushed oil prices higher despite strategic reserve releases.

Brent briefly touched USD110/bbl as Iranian attacks on shipping and escalating Saudi-Houthi tensions raised concerns over key oil export routes.

Market commentary only, not advice. 40 words on the desk. Trading involves risk. Headline credited to FXStreet.

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