Oil headed for a substantial weekly drop as the US-Iran interim peace deal saw shipping through the Strait of Hormuz start to return to normal, easing the global crude market’s biggest ever supply shock.
Oil Set for Deep Weekly Loss as Hormuz Traffic Starts to Pick Up
Oil headed for a substantial weekly drop as the US-Iran interim peace deal saw shipping through the Strait of Hormuz start to return to normal, easing the global crude market’s biggest ever supply shock.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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