Oil Prices Near $70 a Barrel as Strait of Hormuz Evacuation Plan Raises Hopes for Normalized Flow Oil Prices Drop on Evacuation Plan Oil prices traded near $70 a barrel on Wednesday, June 24, as an evacuation plan for vessels trapped in the Strait of Hormuz raised hopes for normalized energy flows, according to market data. Brent crude futures fell below $75 a barrel on June 23, while West Texas Intermediate crude dropped to $72.29 on June 24, putting benchmarks close to their lowest levels since before the U.S.-Iran war began on Feb. 28, according to market reports. [1][2][3] The…

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