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Reuters

Plentiful oil supply dampens industry reaction to rising geopolitical tensions

Reuters
Summary
Nutrition label

79% Informative

Oil markets have had a muted reaction to rising tensions in the Middle East , a sign of just how well stocked oil supplies are.

The global oil benchmark Brent jumped 5% on Tuesday after Iran attacked Israel in retaliation for its campaign against Hezbollah in Lebanon .

The price of Brent settled on Tuesday only 2.6% higher at $ 73.56 , however, broadly in line with last week's levels.

OPEC+ is set to start raising output later this year .

VR Score

89

Informative language

95

Neutral language

66

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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