Crude oil prices extend fall on smoother flows through Strait of Hormuz; Brent below $77 per barrel (opens original article in a new tab)

Crude oil prices fell on Wednesday as US-Iran peace talks progress and shipping through Strait of Hormuz normalizes, with Brent crude below $77 per barrel.

• Brent crude futures fell 0.45% to $76.73 per barrel on Wednesday
• Oil prices declined due to US-Iran peace talks progress and normalized shipping through Strait of Hormuz
• US Senate approved resolution to end American involvement in Iran conflict