Oil falls to $104, supply outlook offsets Hormuz fears
Oil prices declined on Thursday as traders evaluated the potential impact of disruptions in the Strait of Hormuz, following attacks on vessels in the strategic waterway, while assessing the International Energy Agency’s (IEA) latest outlook for glob
October 15, 2026 (MLN): Oil prices declined on Thursday as traders evaluated the potential impact of disruptions in the Strait of Hormuz, following attacks on vessels in the strategic waterway, while assessing the International Energy Agency’s (IEA) latest outlook for global oil markets. Currently, Brent crude futures is down, 1.67%, at $104.36 per barrel, according to data by Mettis Global. West Texas Intermediate...