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Oil prices ease after spiking over halt to Strait of Hormuz evacuation plan
Brent crude subsides after attack in waterway prompted jump in prices.
Brent crude subsides after attack in waterway prompted jump in prices.
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.
