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Latest Oil Market News and Analysis for Aug. 5
Oil fell for a third day on optimism a deal can be reached that would reopen the Strait of Hormuz, freeing up supply trapped in the Persian Gulf.
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Oil fell for a third day on optimism a deal can be reached that would reopen the Strait of Hormuz, freeing up supply trapped in the Persian Gulf.
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Oil slid to the lowest in over three weeks as optimism grew that the US and Iran are moving closer to an agreement that would reopen the vital Strait of Hormuz chokepoint.
Oil fell after US President Donald Trump called off a planned attack on Iran and said new talks with the Islamic Republic would begin on Monday.