Crude oil prices extended gains for a fifth straight session, rising on expectations that an early reopening of the Strait of Hormuz is less likely. The move follows U.S. President Donald Trump’s announcement of stringent economic measures against Iran, tightening geopolitical supply expectations and supporting higher energy prices.
Crude oil prices extended gains for a fifth straight session, rising on expectations that an early reopening of the Strait of Hormuz is less likely. The move follows U.S. President Donald Trump’s announcement of stringent economic measures against Iran, tightening geopolitical supply expectations and supporting higher energy prices.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.10
