Energy & Petrochemicals #crude oil#tankers
Crude Oil Dips to $75 as Tankers Resume Hormuz Transit After Ceasefire
Crude oil prices edged lower on Friday as more tankers moved through the Strait of Hormuz following a ceasefire, easing supply disruption concerns. Brent crude fell 0.41% to $74.95/barrel, while WTI slipped 0.44% to $71.60/barrel. Weekly losses are about 7% for both benchmarks, despite earlier gains from a cargo ship attack near Oman and Venezuela earthquake worries.
Jun 26, 2026 1 source