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Oil Edges Lower on OPEC Increase, Dollar Steady: Markets Wrap
Oil prices declined at the SK Innovation Co. Ulsan Complex refinery in South Korea following increased flows through the Strait of Hormuz. The drop erased wartime gains in Brent oil prices amid progress on a US-Iran peace deal.
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Adjacent reporting
- U.S. oil prices decline as hopes grow for a peace deal arriving soon
- Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal
- Crude Falls on Optimism Over Iran Ceasefire Deal: Markets Wrap
- Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming
- Oil Drops as US Says Deal With Iran and Hormuz Reopening Is Near