#oil
Oil, EUR/USD Forecast: Two trades to watch;
Oil falls after mixed messages from the US and Iran
Oil prices are falling after sharp gains in the previous session as traders weigh mixed signals surrounding U.S.-Iran negotiations aimed at ending the Middle East conflict.
WTI and Brent are both trading around 1% lower, with Brent slipping back towards $91 a barrel after surging more than 4% on Monday.
Oil continues to trade almost entirely on geopolitical headlines, with the market trying to assess whether the latest setbacks in negotiations represent a temporary obstacle or a sign that a broader agreement remains some way off.
Comments from President Trump that talks with Iran are continuing helped ease some concerns after reports that Tehran had suspended negotiations triggered a sharp rally in crude prices yesterday. The reaction highlights just how sensitive oil remains to developments in the Middle East, with traders quick to reprice supply risks whenever tensions escalate.
For now, the market appears to be pricing a partial resolution rather than a full normalisation of supply flows. Traders are looking for evidence of tangible progress, particularly signs that tanker traffic can resume through the Strait of Hormuz, rather than relying solely on political rhetoric.
Oil, EUR/USD Forecast: Two trades to watch;
Oil falls after mixed messages from the US and Iran
Oil prices are falling after sharp gains in the previous session as traders weigh mixed signals surrounding U.S.-Iran negotiations aimed at ending the Middle East conflict.
WTI and Brent are both trading around 1% lower, with Brent slipping back towards $91 a barrel after surging more than 4% on Monday.
Oil continues to trade almost entirely on geopolitical headlines, with the market trying to assess whether the latest setbacks in negotiations represent a temporary obstacle or a sign that a broader agreement remains some way off.
Comments from President Trump that talks with Iran are continuing helped ease some concerns after reports that Tehran had suspended negotiations triggered a sharp rally in crude prices yesterday. The reaction highlights just how sensitive oil remains to developments in the Middle East, with traders quick to reprice supply risks whenever tensions escalate.
For now, the market appears to be pricing a partial resolution rather than a full normalisation of supply flows. Traders are looking for evidence of tangible progress, particularly signs that tanker traffic can resume through the Strait of Hormuz, rather than relying solely on political rhetoric.