Analysts say return to normal supply levels will take more time due to tanker queues and safety guarantees

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

Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.

Strait of Hormuz traffic has increased sharply, but remains at roughly half its peacetime level, officials said on Thursday as stranded sailors made their way out of the waterway.…

Aramco resumes Ras Tanura oil loadings after four-month halt