Oil Holds Drop After Erasing Most Wartime Gains as Supply Swells

Oil was steady following a run of losses that’s erased most of the wartime price gains, with fears of a supply crunch subsiding as more ships transit the Strait of...

By Yongchang Chin · Bloomberg Markets

Oil was steady following a run of losses that’s erased most of the wartime price gains, with fears of a supply crunch subsiding as more ships transit the Strait of Hormuz after early progress on a peace deal.