US Crude Grades Shed Iran War Premium as Energy Crisis Eases

Key US oil grades have slumped to trade at a discount again as a gush of crude flows through the Strait of Hormuz and a recent spike in demand for...

By Nathan Risser · Bloomberg Markets

Key US oil grades have slumped to trade at a discount again as a gush of crude flows through the Strait of Hormuz and a recent spike in demand for American exports fades.