WTI Oil dips to fresh three-month lows sub-$74 amid Middle East peace hopes

Crude Oil prices drift lower on Thursday, weighed by hopes of a US-Iran peace agreement and the reopening of the key Strait of Hormuz. The price of the US benchmark West Texas Intermediate (WTI) barrel hit a three-month low of $73.36 on Thursday, on track for a more than 10% weekly decline.

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