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Tuesday, May 5, 2026
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US crude eases 1% as traders weigh supply risks

May 5: U. S. crude futures eased 1 per cent in early Asian trade on Tuesday as the market gauged the impact of Iranian attacks on ships in the Strait of Hormuz and a fire at a UAE oil port. U. S. West Texas Intermediate was at $105. 36 a barrel, down $1. 06, or 1 per cent, by 2203 GMT, following a more than 4 per

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