NewzOil prices fell on Thursday, extending a streak of recent losses amid market expectations that diplomatic talks between Iran and Qatar could lead to the opening of the Strait of Hormuz. The anticipated development raised hopes for easing supply disruptions stemming from the ongoing conflict in the Middle East.
Market data indicated a continued downward trend for international benchmarks, with Brent crude futures declining by 41 cents, or 0.5 percent, to reach $87.43 a barrel. The price movement reflects trader focus on potential diplomatic resolutions to regional tensions affecting key maritime shipping lanes.
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