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Thursday, October 15, 2026
HomeBusinessOil prices ease as investors weigh supply outlook, Middle East tensions

Oil prices ease as investors weigh supply outlook, Middle East tensions

Oct 15: Oil prices fell more than 1 per cent on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels. Brent crude futures fell $1. 76, or 1. 7 per cent, to $104. 3 a barrel by 0625 GMT

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