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Oil prices fall amid vessel attacks near Hormuz and review of sanctions easing

The New York Times +1 ·

  1. 1Brent crude futures fell 1.9% to $104.02 per barrel.
  2. 2Donald Trump is reviewing the easing of sanctions on shadow fleet vessels.
  3. 3U.S. oil inventories decreased by 11.12 million barrels for the week ending October 9.

So what's the key point?

Oil prices dropped due to vessel attacks near the Middle East and a review of U.S. sanctions easing. This price decline occurred even as oil inventories decreased by 11.12 million barrels.

Source The New York Times +1 · View original ↗

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