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Crude Oil Rebound Faces a Tough Reality as OPEC Supply Starts to Return

Crude oil prices have rebounded as renewed U.S.-Iran tensions and technical buying revive bullish momentum, but rising OPEC+ production and recovering Gulf exports continue to point to downside risks later this year. Razan Hilal, Market Analyst at FOREX.com, explains the key technical levels for WTI and Brent, why geopolitical risk premiums have returned, and what could determine the next major move in oil markets.