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Oil Edges Lower on OPEC Increase, Dollar Steady: Markets Wrap

Oil opened lower as energy flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies. Traders were also focused on the Korean won’s first day of 24-hour trading.

This article was originally published by Bloomberg Markets and is republished here under license.

Oil opened lower as energy flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies. Traders were also focused on the Korean won’s first day of 24-hour trading.

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