Oil Edges Lower on OPEC Increase, Dollar Steady: Markets Wrap

Oil opened lower as energy flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies. Traders were also focused on the Korean won’s first day of 24-hour trading. Oil opened lower as energy flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies. Traders were also focused on the Korean won’s first day of 24-hour trading.