Crude oil prices hit four-month low amid supply outlook
after close1 source ↓written by the desknot a recommendation
- Brent crude dropping
- 1.8%
- per barrel
- $75.71
- and WTI
- 1.5%
- $72.13
Crude oil prices fell to four-month lows on Wednesday, with Brent crude dropping 1.8% to $75.71 per barrel and WTI down 1.5% to $72.13. Improved tanker movement through the Strait of Hormuz and expectations of increased Iranian exports eased supply disruption concerns. Analysts note a potential return of Iranian oil to global markets, impacting overall pricing.
Not investment advice. For informational purposes only.