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Oil prices retreat ahead of U.S. midterms despite renewed Strait of Hormuz attacks (CO1:COM:Commodity)

Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field.

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Oil prices declined ahead of Tuesday’s U.S. midterm elections as investors weighed renewed attacks on commercial vessels near the Strait of Hormuz against prospects for a diplomatic resolution to the conflict with Iran.

Brent crude (CO1:COM) fell below $112 a

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