$CL just dropped to around $82, and the move caught my attention.
With US-Iran tensions still in focus, I'm wondering if the market is starting to price in more optimism around a possible peace deal.
No confirmation of a new deal yet, though today's drop appears to be driven more by reduced fears of escalation and hopes for diplomatic progress.
Still, $82 oil definitely has me asking: are we getting closer to another US-Iran breakthrough?
#USIran
With US-Iran tensions still in focus, I'm wondering if the market is starting to price in more optimism around a possible peace deal.
No confirmation of a new deal yet, though today's drop appears to be driven more by reduced fears of escalation and hopes for diplomatic progress.
Still, $82 oil definitely has me asking: are we getting closer to another US-Iran breakthrough?
#USIran
