Oil Prices Slip as Higher Supply Through Strait of Hormuz Eases Market Concerns
Global oil prices edged lower on Friday as increased crude oil shipments through the Strait of Hormuz eased fears of supply disruptions, despite ongoing geopolitical tensions in the Middle East and uncertainty surrounding diplomatic efforts between the United States and Iran. Brent crude futures fell $1.03 (1.2%) to $88 per barrel, while US West Texas…