Global oil prices eased on Friday as signs of improving tanker traffic through the Strait of Hormuz tempered supply concerns, although…

July 31 : Oil prices rose more than 1 per cent on Friday and remained on track for a monthly rise as reports that some tankers were forced to turn around in the Strait of Hormuz…

Oil prices eased on signs of improving tanker traffic through the Strait of Hormuz but remained on track for strong weekly and monthly gains amid ongoing geopolitical tensions.