Crude Oil Edges Lower as Reports Point to Improved Hormuz Traffic
Crude oil prices edged lower Wednesday amid reports of progress in Strait of Hormuz shipping traffic. Traders also monitored developments on a U.S.-Iran peace proposal pushed by Pakistan and Qatar.
WASHINGTON (dpa-AFX) - Crude oil prices have edged lower on Wednesday following reports indicating progress in Strait of Hormuz shipping traffic over the past few days while traders monitored the developments on the U.S.-Iran peace proposal pushed by Pakistan and Qatar.WTI Crude Oil for December de…