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Oil Settles Near $100 as Hormuz Flows Stunt Rally

Oil fell Monday, settling near $100 a barrel, on signs Saudi Arabia is boosting exports via the key Strait of Hormuz and fresh hopes for diplomatic progress in the Iran war. Brent, the global benchmark, declined for a fourth session, settling 3.4% lower. The October West Texas Intermediate contract, which expires on Tuesday, fell about 4.5%. Satellite data showed that Saudi Arabia’s observed oil loadings from inside the Persian Gulf jumped over the weekend, with the highest number of ships seen…

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BloombergLean L·1h ago
Oil Settles Near $100 as Hormuz Flows Stunt Rally
Oil fell Monday, settling near $100 a barrel, on signs Saudi Arabia is boosting exports via the key Strait of Hormuz and fresh hopes for diplomatic progress in the Iran war. Brent, the global benchmark, declined for a fourth session, settling 3.4% lower. The October West Texas Intermediate contract, which expires on Tuesday, fell about 4.5%. Satellite data showed that Saudi Arabia’s observed oil loadings from inside the Persian Gulf jumped over the weekend, with the highest number of ships seen…
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Oil Settles Near $100 as Hormuz Flows Stunt Rally

How 1 sources are covering this

Oil Settles Near $100 as Hormuz Flows Stunt Rally

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