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Brent Crude Update - Oil Prices Rally as EIA Reduces Oil Surplus Estimates
Source: Buzz FX / 12 Mar 2025 22:06:17 America/New_York
- Brent crude prices are rising due to lower-than-expected U.S. oil and fuel supplies and revised EIA forecasts for smaller oil surpluses in 2025 and 2026.
- Libya has restarted oil production at the Mabruk field, aiming to increase output
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