Due to full oil storage facilities, Iraq begins shutting down oil production at the Rumaila oil field.
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The gains of US crude oil and Brent crude oil have expanded to 9%. According to reports, Iraq has begun shutting down oil production at the Rumaila oil field due to storage facilities reaching full capacity. Previously, two Iraqi oil officials stated that if oil tankers cannot freely navigate and reach loading ports, Iraq will be forced to reduce production within a few days, with the reduction exceeding 3 million barrels per day.
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