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Oil prices are speeding up their drop on Friday, with the market feeling optimistic about traffic in the Strait of Hormuz, despite the suspension of the evacuation plan by the International Maritime Organization (IMO), which says the system allowed 115 ships and 2 to get out.
Oil prices are accelerating their drop on Friday, with the market staying optimistic about traffic in the Strait of Hormuz, despite the suspension of the evacuation plan by the International Maritime Organization (IMO), which says the plan has allowed 115 ships and 2,500 sailors to leave the Gulf.
Around 3:20 PM GMT (5:20 PM in Paris), the price of a barrel of North Sea Brent for August delivery fell 4.96% to $71.53, after having dropped more than 5%. Its American equivalent, a barrel of West Texas Intermediate for delivery the same month, fell 4.52% to $68.67.
