Oil Prices Mixed as Traders Weigh Demand Outlook and Hormuz Risks
Oil prices were mixed Thursday amid a weaker global demand outlook, recovering Middle East crude supplies and persistent Strait of Hormuz shipping risks. December Brent futures fell 1.1% to $104.85 a barrel; the West Texas Intermediate update is cut off in the supplied text.
By Farhan RafidOil prices were mixed Thursday as traders weighed a weaker global demand outlook and signs of recovering Middle East crude supplies against persistent shipping risks around the Strait of Hormuz.December Brent crude futures fell 1.1% to $104.85 a barrel, while December West Texas Inte…