Oil prices decline after spike amid Strait of Hormuz tensions
pre-market1 source ↓written by the desknot a recommendation
- fell
- 2%
- per barrel
- $73.85
- earlier
- 4%
Oil prices have eased following a spike due to renewed violence in the Strait of Hormuz. Brent crude fell over 2% to $73.85 per barrel after rising 4% earlier, triggered by the IMO's decision to halt its evacuation plan amid security concerns. This volatility could impact trading strategies in the energy sector.
Not investment advice. For informational purposes only.