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Oil Holds Strong on Supply Disruptions and Geopolitical Tensions

Summary by Oil Price
Light crude oil futures rallied this week, closing Thursday at $63.37 per barrel—up approximately 4.2%—as the market digested a cocktail of bullish catalysts. Traders responded to unplanned supply disruptions in Canada, measured output policies from OPEC+, and escalating geopolitical tensions, while contending with uncertain demand signals and trade-related optimism. OPEC+ Holds Course as Saudi Arabia Defends Market Share OPEC+ stuck to its plan…

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fxempire.com broke the news in on Friday, June 6, 2025.
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