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News 2026-07-06 12:45 UTC

Oil Sticks Near a Four-Month Low as Supply Continues to Return to Normal

() -- Oil prices eased early Monday, staying near pre-war levels as tankers continue to move through the Strait of Hormuz and gulf producers look to hike output. West Texas Intermediate crude oil was last seen down 0.4% to $68.44 per barrel, the lowest since Feb. 27, while September Brent oil was down 0.4% to $71.87. T