Oil prices rose slightly due to concerns over potential supply disruptions caused by the US crackdown on Russian oil exports. The Organization of the Petroleum Exporting Countries (OPEC) blamed speculators for the recent drop in prices and raised its forecast for global oil demand in 2023. However, concerns about waning demand in the US and China have put downward pressure on prices. Talks to restart an oil pipeline in Iraq could also impact the market.
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