Oil drops as cratering demand forecasts overshadow deadlocked Strait of Hormuz peace talks
Oil prices declined on August 13 as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply, Reuters reported.
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- Oil drops on lower demand forecasts despite deadlock in US-Iran talks peopledaily.digital
