The Story
News Summary
- WTI crude oil prices hit a 5-week low on reports of a tentative 60-day ceasefire between the US and Iran.
- While physical hurdles to restarting exports remain high, the market is reacting to the potential reopening of the Strait of Hormuz and increased supply plans from OPEC+.
Explore BRENT price history & advisor snapshot
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Stored market data
BRENT price history
104.61
+64.07% over the displayed period
Advisor Snapshot
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