India, June 23 -- Crude oil prices have recorded a mild decline on Tuesday amidst reports of steady increase in traffic through the Strait of Hormuz. Expectations of a faster increase in global supply also weighed on sentiment amidst Washington granting Iran a 60-day license to sell oil on international markets.
Brent Oil Futures for September settlement are currently trading at $77.33, declining 0.25 percent from the previous close of $77.52. In the day's trading, Brent ranged between $76.16 and $77.90. The 52-week trading ranged between $58.72 and $126.41.
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