Economy
Wednesday, 6/24, 04:32 PM
U.S. Oil Slides Below $71 to Pre-Conflict Levels as Hormuz Flows Recover
- West Texas Intermediate crude fell below $71 a barrel on June 24, its lowest since before the U.S.-Iran conflict, as tanker traffic through the Strait of Hormuz picked up and de-escalation drained the supply fears that had spiked prices toward triple digits.