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BUSINESSBloomberg Markets·1d ago

Latest Oil Market News and Analysis for Sept. 24

BUSINESSBEATPOST
AI TLDR · GEMINI

Oil prices fell on September 24 following a nearly 4% surge the previous day. The decline came as the U.S. reported that significant volumes of crude continue to pass through the Strait of Hormuz despite ongoing shipping risks.

Oil rose as signs of tightness across several key market gauges outweighed indications of diplomatic progress toward reopening the critical Strait of Hormuz.

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