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Oil rebounds as renewed Strait of Hormuz fighting lifts prices
Brent crude futures moved back toward $90 a barrel, with the S&P 500 edging lower as oil strength reentered the tape.
Renewed fighting in the Strait of Hormuz pushed Brent crude futures back toward the $90 per barrel level, according to WSJ Markets.
The report also said the S&P 500 was slightly lower, suggesting investors weighed the energy price rebound alongside equity market moves.
Latest closeWTI crude $83.44 ▼0.1%|Brent $88.29 ▼1.6%|S&P 500 7,711.76 ▼0.2%
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