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EU Pipeline Disruption Puts Focus on Oil Supply as Gas Prices Slide

EU Pipeline Disruption Puts Focus on Oil Supply as Gas Prices Slide

The European Commission signaled it may convene an emergency coordination group after damage to Ukraine’s Druzhba pipeline halted Russian crude deliveries to Hungary and Slovakia, raising regional supply concerns and prompting talks on repair timelines and alternative routes. The disruption comes as Oil – US Crude trades amid heightened geopolitical risk, while gas flows remain unaffected but closely watched by market participants.

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Over the past month, Oil – US Crude has risen about 5.3%, reflecting both supply risk premiums and a resilient demand outlook, and its 1-day technical stance is currently rated as Hold. Natural Gas has fallen roughly 10.7% in the same period amid ample inventories and mild weather, with a short-term technical reading of Sell suggesting ongoing downside pressure. Investors can explore more updates, prices, and analysis across global markets at Commodities.

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