Oil prices decline as Trump pledges vessel escort
after close1 source ↓written by the desknot a recommendation
- per barrel
- $107.93
- $101.45
Global oil prices fell in early Asian trade on 04 May, with Brent down 0.2% to $107.93 per barrel and WTI down 0.5% to $101.45. This decline follows President Trump's announcement to escort neutral vessels through the Strait of Hormuz, signaling a potential easing of tensions in the region. Traders are interpreting this as a de-escalation in the ongoing conflict, impacting market sentiment.
Not investment advice. For informational purposes only.