Tag: Crude Oil Outlook
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Global: Crude oil retreats after two-week rally as US sanctions raise supply risks
Brent gains 6.63% in week ended 21 August WTI rises 5.66% as Hormuz disruption persists Crude oil prices retreated in early Asian trading on 24 August after two consecutive weeks of gains, as markets turned cautious ahead of US sanctions on Iran and its trading partners. However, supply concerns remained elevated amid continued disruption to…