Oil prices declined as shipping traffic through the Strait of Hormuz picked up on hopes for a permanent US-Iran deal. At the same time, a Wall Street bank issued fresh warnings about a potential oil glut, adding downside risk to crude prices.
Oil prices declined as shipping traffic through the Strait of Hormuz picked up on hopes for a permanent US-Iran deal. At the same time, a Wall Street bank issued fresh warnings about a potential oil glut, adding downside risk to crude prices.
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mildly negative
Sentiment Score
-0.25
