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North Sea Crude Weakens as Mideast Oil Floods Back to Market
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North Sea Crude Weakens as Mideast Oil Floods Back to Market

Bloomberg Markets · Jun 23, 2026, 12:35 PM

Key indicators in the North Sea crude market are showing signs of weakness as a wave of Middle Eastern oil heads to Europe, fueling concerns about a supply glut following the reopening of the Strait of Hormuz.

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