Branch2 Intelligence
Oil prices fall as Hormuz flows persist, OPEC+ signals higher supplies
Key takeaway
Brent crude falls below $72/bbl as Strait of Hormuz flows persist and OPEC+ signals higher supply.
- Step 11st-order: OPEC+ signals higher supply and Strait of Hormuz flows persist, pushing Brent below $72/bbl.
- Step 22nd-order: Lower crude prices reduce UK fuel and energy costs, improving margins for transport and logistics SMEs.
- Step 33rd-order: Reduced cost-push inflation may allow the BoE to hold rates steady, supporting SME financing conditions.
Source: CNBC TV18 (Markets)
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