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Energy Sec's Warning: Oil Surge Will Persist Until Strait Normalizes
A man checks gas prices before he fills up his vehicle's tank at a gas station, in Morton Grove, Ill., earlier this month. (AP)
Oil Prices are expected to continue rising until significant ship traffic resumes through the Hormuz Strait, he the Semafor World Economy Forum. This, despite previous speculation that oil would come down soon. "We're going to see energy prices high — and maybe even rising — until we get meaningful ship traffic. ..." [Full Story]
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