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Plentiful oil supply dampens industry reaction to growing Middle East conflict

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The oil industry and markets have had a muted reaction to growing conflict inthe Middle East, a sign of just how well stocked oil supplies are as U.S. output grows and OPEC+prepares to lift production. The global oil benchmark Brent LCOc1 jumped 5% on Tuesday after Iran, a key producer and member of the Organization ...

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