Oil Extends Drop to Erase Most of Wartime Gains as Supply Swells (opens original article in a new tab)

Oil prices held steady after losing most wartime gains as supply concerns eased with increased shipping through the Strait of Hormuz.

• Oil prices dropped after erasing most wartime gains
• Supply concerns eased as more ships pass through Strait of Hormuz
• Fears of supply crunch subsided with progress on peace deal