Oil prices decline

Capitals, May 4 / WAM / Oil prices fell by more than a dollar per barrel, today, Monday, after US President Donald Trump announced that the United States would begin efforts tomorrow morning, Monday, to free ships stuck in the Strait of Hormuz.

Brent crude futures fell by $1.83, or 1.69%, to record $106.34 per barrel by 22:03 GMT.

US West Texas Intermediate crude also fell to $100.22 per barrel, down $1.72, or 1.69%.

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