WS #11482

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OPEC+ approves another 188,000 b/d output increase for August as Hormuz shipping recovers, pushing Brent crude below $70/barrel and easing supply fears.

Oil supply recovery and price decline

OPEC+ approves another 188,000 b/d output increase for August as Hormuz shipping recovers, pushing Brent crude below $70/barrel and easing supply fears.

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