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FX Desk

WTI Oil drops below $80 amid hopes of Hormuz reopening, US-Iran de-escalation

By FXStreet

WTI Oil drops below $80 amid hopes of Hormuz reopening, US-Iran de-escalation

Crude prices extend their reversal on Wednesday, with the US benchmark West Texas Intermediate (WTI) trading at the $79.50 area as of writing, highlighting a 9% decline from last week’s highs above $87.00.

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Source: FXStreet