Crude Oil Markets Plunge Over 4% as Fed Tightening and Hormuz Negotiations Intensify

Key Takeaways
- Brent crude closed at $89.31 per barrel with a 0.43% decline, while WTI ended at $83.40, losing 0.16%
- Weekly losses exceeded 4-5% for both major crude benchmarks
- Federal Reserve Chairman Kevin Warsh indicated potential i
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