Oil prices decline as Hormuz crude flows exceed pre-war levels
pre-market1 source ↓machine-written, see hownot a recommendation
- and WTI
- $101.20
- per barrel
- $89.73
- are now between
- 19.5 million
- 22.5 million barrels daily
Crude oil prices fell in early trading, with Brent at $101.20 and WTI at $89.73 per barrel. Reports from Kpler indicate that oil flows out of the Strait of Hormuz are now between 19.5 million and 22.5 million barrels daily, nearly double last month's figures. This surge occurs despite ongoing regional tensions, suggesting potential stability in supply.
Not investment advice. For informational purposes only.