Oil cools as US-Iran hopes drain the risk premium 🛢️ $OILEntry: 94.49 🔥
The tape is breathing easier as traders fade some geopolitical heat, but this feels more like a liquidity reset than a clean reversal. Whale positioning seems to be testing how much premium can be stripped before buyers step back in, while the smaller-than-expected crude draw keeps the floor from cracking. If diplomacy stalls, that trapped fear premium can return fast, and the move could flip just as quickly.
Not financial advice. Manage your risk and protect your capital.