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Market Impact: 0.5
Crude Prices Sink on Larger Flows of Oil Through the Strait of Hormuz
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarCommodity Futures
October WTI crude fell $4.78, or 4.77%, to a 1.5-week low, while October RBOB gasoline declined $0.0319, or 0.90%. Energy prices retreated on hopes that diplomatic progress could end hostilities, reducing the geopolitical risk premium embedded in crude markets.
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