Oil prices fall on Hormuz talks
Oil prices declined today, Thursday, continuing a downward trend for the fourth and fifth consecutive days, amid expectations of data indicating progress toward an agreement that would reopen the Strait of Hormuz and reduce supply disruptions caused by the war. The price of Brent crude fell by 0.7% to $87.24 per barrel, while West Texas Intermediate also dropped by 0.7% to $81.67. This reflects a possible optimism about reaching an agreement between Iran and Oman regarding the strait.
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