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oil production

A satellite view of smoke billowing at a Saudi Aramco oil facility after a reported attack, following the announcement of a two-week ceasefire in the Iran war, in Abqaiq, Saudi Arabia April 8, 2026. European Union/Copernicus Sentinel-2/Handout via REUTERS
Apr 10, 2026

Oil set for largest weekly loss in 10 months after ceasefire

Oil prices face biggest weekly drop since last June despite supply concerns from Saudi Arabia and restricted flows through the Strait of Hormuz.

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