Oil prices extended their decline on Wednesday, hovering near the four-month lows touched in the previous session, as signs emerged that more oil tankers stranded in the Gulf since the start of the Iran conflict are preparing to move through the Strait of Hormuz.
Oil prices extended their decline, hovering near a four-month low reached in the previous session. This downward trend is primarily due to signs that more oil tankers, previously stranded in the Gulf following the Iran conflict, are preparing to move through the Strait of…
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