Brent extends losses on expectations of smoother crude flows via Hormuz
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Brent extends losses on expectations of smoother crude flows via Hormuz
REUTERS
PUBLISHED 31 MINUTES AGO
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Brent crude oil prices fell more than 1 per cent on Wednesday to the lowest in nearly four months, extending losses on signs that more oil tankers are set to move out of the Strait of Hormuz.
Brent crude futures were down US$1.20, or 1.56 per cent, at US$75.88 a barrel by 6:01 a.m. ET. U.S. West Texas Intermediate slipped by US$1.14, or 1.6 per cent, …
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