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Shares of oil and gas exploration and production companies are trading higher amid crude price gains after the U.S. and Iran continued military strikes over the weekend, with each side claiming it will control the Strait of Hormuz.
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Shares of oil and gas exploration and production companies are trading lower as API data indicating a U.S. crude inventory weekly increase and EIA data showing that gasoline and distillate stored volumes grew since last week are pressuring stocks that have heavier exposure to the North American physical energy market. Also, reports suggesting Saudi Arabia is making efforts to get crude exports moving are dampening oil prices.
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