Oil Prices Ease From $120 Peak As US Secures Supply

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Published: 13 hours ago

Oil prices pulled back Friday with Brent falling to $109 and WTI to high-$90s after Thursday's spike near $120. The decline followed US policy actions and coordinated allied efforts to stabilize flows through Strait of Hormuz. The oil retreat could strengthen USD against commodity currencies like CAD and weaken energy-linked pairs. Traders should watch for continued policy responses affecting oil supply dynamics and corresponding currency movements.

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