Oil prices finish flat as tankers cross Strait of Hormuz
Brent crude settled at 105.72 dollars as tanker traffic in the Strait of Hormuz eased supply fears. Markets remain cautious amid ongoing regional tensions.
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Brent Crude Oil rose 0.09% to $105.72 on Thursday afternoon as limited tanker traffic through the Strait of Hormuz offset ongoing conflict risks. Prices stabilized after the global benchmark fell more than $2 on Wednesday following concerns over potential interest rate hikes. Investors are weighing the resumption of partial energy flows against a broader supply deficit and slowing global growth.
