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Oil Prices Slightly Decreased
Oil prices fell yesterday after Iraq
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Oil prices fell yesterday after Iraq signed an agreement to resume exports through Turkey, bypassing the Strait of Hormuz. The price of Brent crude dropped below $101 per barrel after rising more than 3% on Tuesday, while West Texas Intermediate (WTI) crude approached $93.It was reported that Iraq reached an agreement with Kurdistan to resume oil exports via a pipeline to the semi-autonomous region, leading to the Turkish Mediterranean port of Ceyhan. This agreement has significant implications for global energy
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Miroslaw Bawulski,
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