Latest Oil Market News and Analysis for Aug. 13
AI Summary
Oil prices declined slightly after a five-day increase as traders awaited developments regarding the reopening of the Strait of Hormuz, a critical passage for global oil shipments.
Oil edged lower after a five-session advance, as traders waited for signs of progress toward reopening the Strait of Hormuz.
Markets Commodities Energy oil market Strait of Hormuz oil prices energy trading global shipping oil shipments