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Oil prices are falling and stocks are up. Traders worry they've gone too far CNNHormuz traffic reaches highest level since mid-April, maritime data shows The Times of IsraelAfter Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously The New York TimesIran announces plans to bring in maritime fees for strait of Hormuz The GuardianOil Prices in Focus as Vance Cancels Trip to Start Iran Peace Talks and Hormuz Reopens
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Oil remains on track for a second straight weekly decline, but signs of cracks in the agreement to end the war have given traders pause.
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Global oil prices on Thursday touched their lowest level since the U.S.-Israeli war with Iran began almost four months ago.
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The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.
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