Oil Prices Ease on US Efforts to Reopen Strait of Hormuz
AI Summary
Oil prices have declined following US efforts to reopen the Strait of Hormuz amid concerns about energy supply disruptions. The market is responding to geopolitical events affecting oil transportation and trade.
US West Texas Intermediate (WTI) crude fell $1.59, or 1.5 per cent, to $104.83, after gaining 4.4 per cent in the previous session. The USย ...