Global crude oil prices fell sharply on Friday, with Brent slipping below $75 a barrel, as fears of supply disruptions through the Strait of Hormuz eased despite fresh Middle East tensions. Brent dropped over 1% to $74.33, while WTI fell more than 2% to $70.46.
Global crude oil prices experienced a sharp decline on Friday, with Brent falling below $75 and WTI dropping over 2%. This downturn is primarily attributed to easing concerns about supply disruptions in the Strait of Hormuz, despite ongoing Middle East tensions. Prices are…
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