Partially offsetting the losses from three consecutive sessions, crude oil prices have advanced on Friday as traders weigh increasing concerns of an impending crude oil inventory shortage due to the ongoing Strait of Hormuz blockade against the positive signals from U.S.-Iran peace talks.WTI Crude Oil for July month delivery was last seen trading up by $0.10 (or 0.10%) at $96.45 per barrel.As the …
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Market Analysis
Crude Oil Ticks Higher Amid Positivity Over Iran Negotiations Despite Inventory Concerns
2026-05-22 18:42:13
