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UBS: Oil prices have room to recover

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The latest data from the Energy Information Administration (EIA) showed US crude inventories rose by a greater-than-expected 2.1 million barrels last week, while gasoline stocks fell by 4.4 million barrels to the lowest since November 2022. Earlier, the International Energy Agency said global oil supply will exceed demand in 2025 even if OPEC+ cuts remain ...

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