Oil prices drop below pre-conflict levels amid Gulf recovery
after close1 source ↓written by the desknot a recommendation
Oil prices have dipped below pre-conflict levels, with Brent crude settling at USD 75.26 per barrel and West Texas Intermediate at USD 71.92. The recent recovery in Gulf shipments through the Strait of Hormuz, a vital oil corridor, has influenced market sentiment despite ongoing uncertainties regarding supply normalization. Traders are closely monitoring these developments for potential impacts on oil prices.
Not investment advice. For informational purposes only.