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Oil Selloff Outruns Reality in Hormuz

1 source ·1 article ·Aug 28, 12:30 UTC W&T Offshore

WTI crude oil futures were trading at $83.51 late Thursday, down $3.13, or 3.61%, for the week. The market opened near the weekly high at $86.57, then broke to $79.62 as traders sold on reports that Iran, Oman and the United States were mov…

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