Oil prices show a mixed trend; hopes of the resumption of traffic through the Strait of Hormuz may offset the unexpected increase in US crude oil inventories
2026-08-06 04:54:49
According to CoinMeta, oil prices showed a mixed trend, with the hope of the resumption of traffic through the Strait of Hormuz offsetting the impact of an unexpected increase in U.S. crude oil inventories. Analysts pointed out that changes in the situation at the Strait of Hormuz could lead to fluctuations in oil prices, especially as the United States and Iran resume negotiations. On Wednesday, Brent crude oil futures prices rose slightly to around $79 per barrel, while the price of U.S. benchmark crude oil fell to around $75, a decrease of about 0.7%. At the same time, U.S. crude oil inventories increased by about 2.5 million barrels last week, exceeding market expectations. The market will closely monitor any possible announcement regarding an agreement at the Strait of Hormuz on Friday, and sentiment could fluctuate sharply due to this news.
Source:Internet
This content is for market information only and does not constitute investment advice.
Follow HKWDB official accounts to stay updated
Hot Articles
Refresh

Web3: Circle obtains New York trust license, expanding USDC custody business.
07-31 22:04

Tesla reportedly plans to divest its China business to pave the way for integration with SpaceX.
07-31 21:54

web3: Foreign media: RWA perpetual contracts may expand faster than tokenization
07-31 21:24

Web3: Foreign media: Analysts say the real catalyst for XRP is not the Clarity Act.
07-31 20:55

Foreign media: Trump's children's accounts are unlikely to replace comprehensive family financial planning
07-31 20:24

