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The Economic Times

Business

Veer Sharma

Oil Price Today (July 7): Crude oil snaps 2-day fall as projectile hits tanker in Hormuz. Where are prices headed?

Oil Donald Trump Iran Saudi Aramco Strait of Hormuz United States

Oil prices edged higher on Tuesday after reports that a tanker in the Strait of Hormuz was struck by a projectile. However, the gains remained limited as investors weighed the impact of improving Middle East supply against concerns over rising production and the global demand outlook.

Crude oil price on July 7

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