The Story
News Summary
- Oil prices dropped 2% as Iran and Oman resumed negotiations to secure safe navigation through the Strait of Hormuz, reducing supply disruption fears.
- Downward pressure was intensified by perceived lower regional escalation risks and a larger-than-expected 4.2 million barrel build in US crude inventories.
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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