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Oil prices shed 1% in Thursday morning trading over American debt and the prospects for a historic default, despite gains on Wednesday driven by demand optimism in the U.S. market
Turkish President Recep Tayyip Erdogan has announced that the Black Sea Grain Initiative allowing for the export of Ukrainian grain through the country's Black Sea ports, has been extended for another two months
The trend of decreasing Strategic Petroleum Reserve (SPR) continues for the seventh week, while U.S. crude oil production remains steady at 12.3 million bpd.
The average price of gasoline in the United States is down by $1 compared to this time last year and is set to fall even further this year.