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Brent crude futures fell 0.60% to $113.77 and WTI dropped 1.35% as markets stabilized following a volatile session sparked by military conflict in the Strait of Hormuz.
Brent crude futures fell 0.60% to $113.77 and WTI dropped 1.35% as markets stabilized following a volatile session sparked by military conflict in the Strait of Hormuz.
The U.S. leads crude output at 13.2 million barrels a day, but it still relies on foreign sources for 15 vital minerals.
