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Oil Market

Consumer sentiment peaks since February

U.S. Economy

U.S. consumer sentiment increased in July, reaching its highest point since February, supported by indications of declining petrol prices at the pump in recent weeks, as reported by a new survey from the University of Michigan on Friday. An index from the university tracking consumer sentiment registered at 54.4 this month, an increase from 49.5 Read More

Oil Dips Under $100 as Trump Calls for Strait of Hormuz Reopening

Crude Oil Prices

Oil prices fell below the $100 mark on Friday, as tensions around the Strait of Hormuz continue to loom. The crucial shipping lane remains largely closed, even in light of a ceasefire agreement between the U.S. and Iran. U.S. West Texas Intermediate crude futures for May delivery experienced a decline of 1.5%, trading at $96.37 Read More

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