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Tuesday, May 5, 2026
HomeBusinessUS crude eases more than 1%, traders weigh supply risks

US crude eases more than 1%, traders weigh supply risks

May 5: U. S. crude eased more than 1 per cent on Tuesday as the market weighed the impact of Iranian attacks on ships in the Strait of Hormuz and news that a U. S. -flagged ship operated by Maersk had transited the strait accompanied by U. S. military. U. S. West Texas Intermediate was at $104. 88 a barrel, down $1

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