Daily Market Updates: U.S. oil holds near $82 amid Strait of Hormuz deal uncertainty

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U.S. oil holds near $82 amid Strait of Hormuz deal uncertainty

U.S. oil rose as much as 3% earlier after President Donald Trump demanded that Iran pay reparations to the U.S.

Reported · Written up by our desk · Energy

U.S. oil prices were steady near the $82 level as traders weighed mixed signals related to a potential Strait of Hormuz deal, CNBC World reported.

According to the outlet, U.S. oil had climbed as much as 3% earlier in the day following President Donald Trump’s demand that Iran pay reparations to the United States.

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Sources

CNBC WorldU.S. oil price hovers around $82 as traders weigh conflicting signals on Strait of Hormuz deal

Commodities

U.S. oil holds near $82 amid Strait of Hormuz deal uncertainty

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