Oil Set for Hefty Weekly Losses as Tankers Exit Strait of Hormuz

Summary Aramco resumes Ras Tanura oil loadings after four-month halt Strait of Hormuz loadings at highest level since war began Overall traffic remains a fraction of previous daily average (Reuters) – Crude ​prices plunged by more than 3% on Friday, on course for steep weekly losses, on ‌easing supply concerns as more stranded oil tankers exited the … Read more