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Further oil price cuts uncertain despite supply glut

Summary by Inquirer
MANILA, Philippines – The looming oversupply of oil in the global market can further bring down local fuel prices, but analysts expect persistent geopolitical tensions to still spark price hikes. Oil prices suffered a drop on Monday of over $1 per barrel after the Opec+ (Organization of the Petroleum Exporting Countries and allies led by

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Inquirer broke the news in Manila, Philippines on Tuesday, May 6, 2025.
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