WTI crude oil plunged 4% intraday, Brent crude fell 3.48% intraday
2026-05-07 07:17
Odaily reported that according to Gate data, WTI crude oil plunged 4% intraday, now at $93.14 per barrel. Brent crude fell below $97 per barrel, dropping 3.48% intraday. On the news front, the US and Iran reached a consensus on gradually opening the Strait of Hormuz in exchange for easing the maritime blockade.
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