๐ข๏ธ๐บ๐ธ๐ฎ๐ท Oil drops 6% on Iran deal hopes. Markets are pricing in peace.
- Brent crude fell from $104 to ~$97 a barrel
- WTI dropped from $97 to ~$90
- Both sides have since downplayed chances of a deal being signed soon, limiting further gains
- U.S. stock futures jumped, pointing to a strong Tuesday open
- European markets up 1.75%. Asian stocks also higher
Oil is still $23 above pre-war levels. The market is optimistic, not convinced.
Source: CNN
- Brent crude fell from $104 to ~$97 a barrel
- WTI dropped from $97 to ~$90
- Both sides have since downplayed chances of a deal being signed soon, limiting further gains
- U.S. stock futures jumped, pointing to a strong Tuesday open
- European markets up 1.75%. Asian stocks also higher
Oil is still $23 above pre-war levels. The market is optimistic, not convinced.
Source: CNN