Money and business
Oil falls to $88 after Trump announced that the Strait of Hormuz is open
Oil prices fell today, Friday, after the announcement of the complete opening of the Strait of Hormuz, which raised hopes of easing supply disruptions.
US crude oil futures for delivery next May fell by 11.1% to $84.26 per barrel.
The price of Brent crude – the global standard for oil prices – for next June delivery also fell by 10.5% to $88.95 per barrel.
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