Oil prices pulled back from recent highs on Wednesday, giving back part of the prior day's 4% surge as traders waited for clarity on Iran-U.S. negotiations. Renewed hostilities have delayed efforts to reopen the Strait of Hormuz, keeping a key supply route at risk and sustaining volatility in crude markets.
Oil prices pulled back from recent highs on Wednesday, giving back part of the prior day's 4% surge as traders waited for clarity on Iran-U.S. negotiations. Renewed hostilities have delayed efforts to reopen the Strait of Hormuz, keeping a key supply route at risk and sustaining volatility in crude markets.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
