WTI and Brent Crude Oil Surge Over 2% on July 7, Amid Tanker Incident in Strait of Hormuz

CL3.02%
According to Jin10, WTI crude oil rose 2.00% to $70.25 per barrel and Brent crude oil climbed over 2.00% to $73.52 per barrel on July 7. The price gains follow a tanker accident reported by the UK Maritime Trade Organization while transiting the Strait of Hormuz.
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