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Commodities

Oil Prices Steady After Gains from Strait of Hormuz Attacks

Guavy AI Editorial Team
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Oil
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Oil prices remained steady on August 17, maintaining gains made last week. According to Reuters, Brent crude futures were unchanged at $88.55 a barrel by 01:28 GMT. West Texas Intermediate (WTI) crude futures fell 14 cents to $82.26 a barrel around the same time.

The prices had surged more than 5 percent in the previous week following attacks on UAE tankers in the Strait of Hormuz and on Saudi Aramco's Red Sea refineries.

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