Crude oil prices fell sharply for the week as signs of recovering tanker traffic through the Strait of Hormuz outweighed fresh security concerns, although analysts caution that inbound shipping remains weak and new supply risks persist.

TOKYO, June 24 : Oil prices fell on Wednesday, extending this week's losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded…

Oil prices extended their decline on Wednesday, hovering near the four-month lows touched in the previous session, as signs emerged that more oil tankers stranded in the Gulf…

Brent crude dips below $76 as tanker traffic resumes in Strait of Hormuz

Crude oil prices edged lower on Friday as concerns over supply disruptions eased with more oil tankers moving through the Strait of Hormuz. Around 7 am IST, Brent crude was…

Brent crude futures fell $1.47, or 1.95%, to $73.79 a barrel, while US West Texas Intermediate fell $1.44, or 2%, to $70.48 a barrel.