Oil extends rally as market focuses on Hormuz disruption
Petrol
The Strait of Hormuz shutdown is prompting moves to pull stock from global inventories, with market sources saying late on Tuesday that the American Petroleum Institute reported US crude oil inventories fell for a second week. BEIJING: Oil prices rose on Wednesday (Apr 29), extending a multi-day rally, on media reports the US will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing region. US President Donald Trump has instructed aides
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