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Oil Set for Best Half Since 2009

August 8, 2021 by

The recovery in key economies such as the U.S. and China has helped underpin a surge in fuel use and sent crude prices to the highest since 2018. OPEC+ sees the market in deficit for the rest of this year if it keeps output steady, while the prospect of an imminent flood of Iranian crude is fading as talks drag on. 

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