Trump's Withdrawal Statement Triggers Crude Oil Sell-off, Energy Premium Rapidly Dissipates
Svmuu News According to Trump's statement that the United States will withdraw from Iran within two to three weeks, regardless of whether an agreement is reached, international oil prices fell in response. WTI crude oil fell below $98 per barrel, with a daily drop of 3.78%; Brent crude oil is currently down 3.3%. Thomas Mathews from Capital Economics said: "Hopes for a cooling of the situation have boosted the market, but we believe that even if the war ends soon, its impact will persist in many cases. After all, both sides have previously released positive signals at other stages of the war, but many of them ultimately came to nothing." (Jin10)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Coinbase is down 14.04% from its previous close, now trading at $138.050.
-
2
Coinbase leads sell-off in crypto-related stocks after Binance's $6.3 billion hack, with Circle and Strategy shares plummeting.
-
3
NVIDIA is down 5.17% from its previous close, now trading at $202.620.
-
4
Gold prices fell to $3,883.36, hitting a near 365-day low.
-
5
Gold is down 3.45% from its previous close, now trading at $3,883.36.
-
6
An Analysis of Potential Issues in the Operation of China's Digital Yuan
-
7
Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
-
8
SuperVerse (SUPER) Issuance and Circulation: Total Supply, Unlocking, and Deflationary Mechanisms Explained
-
9
What is ELTCOIN? Project Positioning and Market Status
-
10
AI investing sector had a rough week with key ETFs down 4-29% and major tech stocks falling up to 25%, as investors question profitability and analysts suggest taking profits.
Markets Today
Recommended Reading




