Oil Wrap: Hormuz Blockade Lifts Brent, WTI on Friday
Oil prices rose Friday, Aug. 14, after Washington threatened tighter economic isolation of Iran and the Strait of Hormuz remained closed. Brent rebounded toward about $88/bbl and WTI proxy USO rose 1.26% to $126.60. The move followed supply-risk concerns despite a bigger-than-expected US crude inventory build. Latin oil stocks were mixed, with YPF up 1.21% to $50.05 and Petrobras nearly flat at $17.88.






