Oil prices plunge 10% for the week as Hormuz traffic resumes; Brent settles at $71.99
Higher tanker traffic through the Strait of Hormuz and easing supply concerns drove oil to its steepest weekly decline in months. Brent fell 4.34% on Friday, while WTI slipped below $70
Oil and gold surge after US strikes on Iran, brent above $100
The spot price of gold stood near $4,720 per ounce, recording a weekly increase of 2.3%
Oil prices jumped up to 5% after Iran’s claims of a strike on a US warship
Brent rally eases after U.S. officials deny incident near Strait of Hormuz