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From Shortage To Glut: Crude Sinks To Key Technical Support As Hormuz Reopens | WAPE

Newsbenzinga

From Shortage To Glut: Crude Sinks To Key Technical Support As Hormuz Reopens

Jun 18, 2026, 10:27 ET · Published

Article summary

WTI crude fell to its 200-day moving average as a U.S.-Iran deal to reopen Hormuz nears. Analysts are warning the glut may deepen into 2027.

An excerpt from the original article.

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