Oil Settles Near $100 as Hormuz Flows Stunt Rally
Oil prices fell, settling near $100 a barrel, driven by signs that Saudi Arabia is boosting exports via the Strait of Hormuz and diplomatic progress hopes.
- Oil prices fell to settle near $100 a barrel.
- Saudi Arabia increased oil exports through the Strait of Hormuz.
- Satellite data showed heightened ship loadings at Saudi ports in the Persian Gulf.