Oil prices fall on Hormuz pact rumors
Oil prices experienced a slight decline during the last trading session, with Brent crude slipping to $89.31 per barrel, down by 0.43%, and West Texas Intermediate crude falling to $83.40 per barrel, down by 0.16%. The decrease is attributed to indications regarding the US Federal Reserve's policy to combat inflation, as well as reports of a potential imminent agreement on navigation in the Strait of Hormuz, with prices declining by over 5% during the week.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)