Oil eyes fourth straight weekly drop as Hormuz flows resume
TL;DR
Oil futures headed toward a fourth straight weekly loss as the Strait of Hormuz reopens and higher flows ease near-term supply concerns; Brent traded in the low $70s and WTI under $70, with markets weighing a U.S.–Iran MoU to negotiate a deal and rising Gulf shipments, suggesting bearish sentiment but possible oversold conditions.
- Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return Yahoo Finance
- Oil prices little changed as US-Iran peace efforts hold Reuters
- Brent could fall to $60 a barrel by Christmas, forecasts Citi Financial Times
- Oil prices little changed after Qatar says U.S. and Iran made progress during talks CNBC
- Oil Extends Decline as Barrels Flow Through Strait of Hormuz Bloomberg.com
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