Oil prices see a ‘considerable moderation'
CommSec's Tom Piotrowski claims oil prices have seen a 'considerable moderation' over the course of the last day and a half.
'In the day session, oil prices in the US lost about 1.7 per cent – they're down a lot more than that from their recent peak,' he told Sky News Australia.
'Part of the reason for that is that the traffic monitoring that is on offer in the Strait of Hormuz has suggested that there's only been a modest reduction in the amount of tanker traffic moving through that important chokehold.'
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