#OilFuturesFallAbout4%
Guys, this news can help us get a better grip on market movements today. The prices ๐ฒ of oil ๐ข๏ธ ๐ข๏ธ ๐ข๏ธ have dropped drastically, and we think this is mainly due to hopes that a deal ๐โ๐ผ between the United States ๐บ๐ธ and Iran ๐ฎ๐ท will reopen the Strait of Hormuz, a key route for oil ๐ข transport ๐ข๏ธ๐ข๏ธ๐ข๏ธ. This could mean more oil supply and less uncertainty.
We're hoping they can formalize the reopening of the Strait of Hormuz this week. $CVX
Guys, this news can help us get a better grip on market movements today. The prices ๐ฒ of oil ๐ข๏ธ ๐ข๏ธ ๐ข๏ธ have dropped drastically, and we think this is mainly due to hopes that a deal ๐โ๐ผ between the United States ๐บ๐ธ and Iran ๐ฎ๐ท will reopen the Strait of Hormuz, a key route for oil ๐ข transport ๐ข๏ธ๐ข๏ธ๐ข๏ธ. This could mean more oil supply and less uncertainty.
We're hoping they can formalize the reopening of the Strait of Hormuz this week. $CVX