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HomeBusinessOil eases as traders weigh US-Iran conflict risks

Oil eases as traders weigh US-Iran conflict risks

July 16: Oil prices eased on Thursday as traders weighed escalating tensions between the United States and Iran and the risks to oil supplies moving through the Strait of Hormuz. Brent crude futures were down 58 cents, or 0. 68 per cent, to $84. 37 a barrel at 0808 GMT, while U. S. West Texas Intermediate future

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