Oil prices extend losses as markets await Strait of Hormuz talks
Oil prices fell again on continued supply concerns, as upcoming talks are expected to ease disruptions in the Strait of Hormuz.
UKMTO reports tanker hit by unidentified projectile in Strait of Hormuz, resulting in a fire that has been extinguished. No environmental impact has been reported, and all crew members are accounted for and safe. The West Texas Intermediate (WTI) oil price drops 0.27% on the day to $82.33. WTI is a high-quality crude oil traded on international markets.
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