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Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook

Posted on June 19, 2026
By CNBC
1 Views
1 min read

Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook

With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market.