Oil Prices Ease on US Efforts to Reopen Strait of Hormuz
Singapore, May 05 (QNA) - Oil prices eased on Tuesday after climbing by as much as 6 per cent in the previous session on signs of US attempts to open the Strait of Hormuz.
Brent oil futures for July fell by 68 cents, or 0.6 percent, to $113.76 per barrel.
US West Texas Intermediate (WTI) crude fell $1.59, or 1.5 per cent, to $104.83, after gaining 4.4 per cent in the previous session.
The US Central Command (CENTCOM) announced yesterday that it began supporting "Project Freedom" to help merchant vessels get through the Strait of Hormuz. (QNA)
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