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Finance / Energy Energy

Oil Falls Below $80 For First Time in More Than Three Months

Source: bloombergMarkets June 16, 2026 · 12:12
Brent oil fell below $80 a barrel for the first time in more than three months as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival in supply, with leading Wall Street banks reducing their price forecasts and regional benchmarks collapsing. Gasoline prices are also falling. Bloomberg Mike McGlone joins to discuss. (Source: Bloomberg)
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