Energy and Crude Oil

Brent Eases Toward $88 as Six-Session Advance Snaps, Hormuz Talks Stay Deadlocked

Brent eased toward $88 a barrel Thursday, ending a six-session run that added about 12%. Talks on reopening the Strait of Hormuz remain deadlocked. The IEA flags a 1.8 million barrel a day shortfall this quarter, while US crude inventories rose 17.4 million barrels, the largest build since early 2023.