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Oil Falls Despite Hormuz Shock; Petrobras Drops 3%

Rio Times

BusinessRio Times·Aug 10, 2026·1 min read

Oil Falls Despite Hormuz Shock; Petrobras Drops 3%

WTI tracked by USO slipped 0.75% to US$117.98 on Friday as traders bet on a Middle East peace deal. Petrobras sank 3.02%, leading a retreat across Latin America The post Oil Falls Despite Hormuz Shock; Petrobras Drops 3% appeared first on…

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