Oil futures end down week on high note as Strait of Hormuz deal turns more uncertain
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Search fieldHome page Seeking Alpha - Power to InvestorsAbout PremiumCreate free accountSearch for Symbols, analysts, keywordsLog in CommoditiesEnergy Oil futures end down week on high note as Strait of Hormuz deal turns more uncertain Aug 07, 2026, 7:25 PM ETUnited States Oil Fund LP ETF (USO), UCO, CL1:COM, CO1:COM, XLEDBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, NG1:COMBy : Carl Surran, SA News Editor Crude oil futures finished higher Friday but ended with steep losses for the week as investors awaited the outcome of talks to reopen and manage traffic through the Strait of Hormuz. Developments around the status of the strait caused another To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser. Is this happening to you frequently? Please report it on our feedback forum. If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Search fieldEntering text into the input field will update the search result below Quick Insights Disruptions and uncertainty around Hormuz talks have caused significant volatility in crude oil prices, with sharp falls followed by rebounds. The reduction is mostly due to a slowdown in demand, according to Commerzbank. Strong production and soft LNG feedgas have led to seven consecutive weeks of price declines despite high seasonal demand.
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