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Crude oil loses most since July 2022 as tariffs, OPEC output hike make ‘perfect bearish cocktail’
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Crude oil futures plunged by the most in nearly three years on Thursday, as concerns about weaker demand due to U.S. tariffs were exacerbated by the surprise move from OPEC+ to accelerate the return of withheld production, sending shockwaves across oil markets.
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