Brent crude slipped toward $79 a barrel and is down more than 9% for the week. West Texas Intermediate for August was trading near $76 a barrel. This comes after tankers carrying previously stranded cargoes started moving through the waterway on Thursday, while Kuwait said it would begin increasing production.

Oil prices dropped below $80 a barrel Tuesday on optimism over the promised reopening of the Strait of Hormuz, easing inflation pressures on global economies even though traders…

Oil prices slid to fresh three-month lows on Tuesday as markets weighed prospects for a resumption of supplies through the Strait of Hormuz alongside weaker physical demand and…

Markets are anticipating the return of oil flows through the Strait of Hormuz, although analysts warn that significant upside risks remain.

West Texas Intermediate traded below $77 a barrel, after sinking 16% over four sessions to post the longest losing run this year. | World News

Oil prices have dropped below $80 per barrel for the first time since March, as easing Middle East tensions and hopes of a US-Iran deal improve market sentiment.

Brent settled at $78.96 a barrel and WTI settled at $76.05

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end, paving the way for a recovery…

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end. This comes as strategic oil…

PERTH, June 19 : Oil prices fell on Friday on the prospect of more supply returning to the market after oil tankers began to move through the Strait of Hormuz following the…

NEW DELHI, June 19 : Oil prices fell on Friday as prospects brightened for more supply after oil tankers began moving through the reopening Strait of Hormuz following a peace deal…

Brent crude slipped toward $79 a barrel and is down more than 9% for the week. West Texas Intermediate for August was trading near $76 a barrel. This comes after tankers carrying…

Brent crude drops 10% as US lifts blockade on Iran, resuming tanker passage. New all-time high by September 30 at 7.5% YES.

With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market.

Crude oil futures decline as improved Hormuz shipping traffic follows a US-Iran interim peace deal, with August Brent at $77.13.

Oil prices edged lower as the Strait of Hormuz reopened, with Brent crude at $79.49 and WTI at $76.36, while markets shifted focus to global demand trends.

Brent crude dropped to $75.55 as Saudi tankers carrying 6 million barrels resumed Strait of Hormuz transit after the US-Iran peace deal lifted a naval

WTI crude suffered its steepest weekly decline in months as traders priced in the reopening of the Strait of Hormuz and the potential return of Iranian oil exports.

Full normalisation of flows across Strait of Hormuz likely to take time as producers restart fields