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Oil declines ahead of Hormuz updates

Oil declines ahead of Hormuz updates

Oil prices declined today, continuing their losses for several days amid expectations of easing supply disruptions through the Strait of Hormuz after upcoming talks. Brent crude futures fell by 0.7% to $87.24 per barrel, while West Texas Intermediate crude decreased by 0.7% to $81.67 per barrel, marking their fourth and fifth consecutive days of decline.

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