Update: WTI Oil Falls Despite Renewed Fighting Between the US and Iran
() -- West Texas Intermediate (WTI) crude oil closed lower on Thursday even as renewed fighting between the U.S. and Iran threatens to keep the Strait of Hormuz closed, again shutting in tankers bringing Persian Gulf supply to the market. WTI crude oil for August delivery closed down $1.44, or 2%, to settle at $72.08 p