Tag: WTI
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GLOBAL OIL PRICES FALL AS IRAN REOPENS STRAIT OF HORMUZ
Global oil prices dropped sharply after Iran said the Strait of Hormuz is “completely open,” easing fears of supply disruptions along one of the world’s most critical energy chokepoints. The move calmed markets that had been pricing in heightened geopolitical risk and the possibility of restricted tanker traffic. Brent crude and U.S. West Texas Intermediate (WTI) both slid by more than 10%…
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