Oil prices dropped as the Strait of Hormuz shipping flows recovered and OPEC+ indicated plans to increase global supply, pushing Brent below $72 and WTI near $68 per barrel.
Brent crude oil price fell below $72 per barrel
Jul 06, 2026
09:46 am
What's the storyOil prices have witnessed a decline as the flow of oil through the Strait of Hormuz continues.
The Brent crude oil price fell below $72 per barrel, while West Texas Intermediate (WTI) hovered near $68 per barrel.
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