Goh: Long Mideast Conflict Hit Crude Product Prices

Oil prices declined after a six-day gain as traders monitored developments regarding reopening the Strait of Hormuz and resuming pre-war oil and gas flows. The International Energy Agency projected a global oil market shortfall of 1.8 million barrels a day this quarter, double its earlier estimate. June Goh, Senior Oil Market Analyst at Sparta Commodities, discussed the oil market movements with Bloomberg.

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