Oil Prices Fall More Than $1 as Traders Weigh Supply Risks
Oil prices fell more than $1 in early trade on Thursday as investors weighed Strait of Hormuz shipping risks against US efforts to ease sanctions on vessels.
By Sam Li and Lewis Jackson, oil prices declined more than $1 in early trading on Thursday as investors assessed supply risks from attacks on shipping through the Strait of Hormuz alongside US efforts to lower petroleum shipping costs by easing sanctions on vessels. Brent crude futures ICEEUR:BRN1! 39…