Oil prices fell on Wednesday, extending this week's losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz.
Brent crude futures were down 37 cents, or 0.5%, at $76.71 a barrel as of 0043 GMT, and U.S. West Texas Intermediate slipped 36 cents, or 0.5%, to $72.85 a barrel. Both benchmarks declined nearly 1% on Tuesday, touching their lowest levels since early March.
