As Strait of Hormuz Opens, Oil Falls

Crude prices plunged by more than 3% on Friday, on course for steep weekly losses, on easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell $2.61, or 3.47%, to $72.65 a barrel by 1037 GMT.

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