🛢️ Oil Stabilizes as Middle East Talks Progress
After dropping over 10% in two days, crude prices are settling around $80 (Brent) and $76 (WTI).
Key Drivers:
Hormuz Deal in Sight: Washington and Tehran are signaling progress on reopening the Strait of Hormuz to restore shipping.
De-escalation: Delayed U.S. strikes and ongoing diplomatic efforts are cooling market panic.
Inventory Spike: U.S. crude stocks rose by 2.7M barrels last week, adding downward pressure on prices.
Expect continued market volatility as diplomatic talks unfold. What is your play on oil right now? 👇
#oil #crudeoil #Macro
After dropping over 10% in two days, crude prices are settling around $80 (Brent) and $76 (WTI).
Key Drivers:
Hormuz Deal in Sight: Washington and Tehran are signaling progress on reopening the Strait of Hormuz to restore shipping.
De-escalation: Delayed U.S. strikes and ongoing diplomatic efforts are cooling market panic.
Inventory Spike: U.S. crude stocks rose by 2.7M barrels last week, adding downward pressure on prices.
Expect continued market volatility as diplomatic talks unfold. What is your play on oil right now? 👇
#oil #crudeoil #Macro