Oil settles at 1-week high as Hormuz shutdown keeps supply tight
What's new: Brent closed at $96 and WTI at $93.76 as the market weighed stalled US-Iran contacts and a largely shut strait.
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What's new: Brent closed at $96 and WTI at $93.76 as the market weighed stalled US-Iran contacts and a largely shut strait.
Rising energy import costs, dividend payments and foreign debt obligations are adding to domestic demand for dollars.
Series: Indonesian Rupiah · Exchange Rate Slide · 5 chapters since Jun 2