WS #11065
Traffic through Strait of Hormuz picks up; Persian Gulf oil output ramping up quickly, pushing crude to California. ECB's Lane says oil price curve sees elevated levels ahead, suggesting cost for economy; confidence improved but not to pre-war levels.
Strait of Hormuz traffic recovery and oil output ramp-up
Traffic through Strait of Hormuz picks up; Persian Gulf oil output ramping up quickly, pushing crude to California.
ECB's Lane says oil price curve sees elevated levels ahead, suggesting cost for economy; confidence improved but not to pre-war levels.