#BrentWTICrudeFallOver3% 🚨 OIL JUST GOT A SHOCK. WHAT HAPPENS NEXT?
Oil prices are dropping quickly. 🔻 Brent went below $86 while WTI got to $80 as people hope for safer shipping through the Strait of Hormuz.
The main reason is talks between Iran and Oman plus less worry about conflicts, in the region.
Traders should not feel too safe. Shipping through Hormuz is still very troubled. Another news story could quickly push oil prices up again.
Lower oil prices could also help reduce inflation and support investments. 📈
👀 Do you believe oil will go toward $75—or is this a short break?
#oil #jafridi #BinanceSquare #BrentCrude
$CL $WTI.US , $BZ
Oil prices are dropping quickly. 🔻 Brent went below $86 while WTI got to $80 as people hope for safer shipping through the Strait of Hormuz.
The main reason is talks between Iran and Oman plus less worry about conflicts, in the region.
Traders should not feel too safe. Shipping through Hormuz is still very troubled. Another news story could quickly push oil prices up again.
Lower oil prices could also help reduce inflation and support investments. 📈
👀 Do you believe oil will go toward $75—or is this a short break?
#oil #jafridi #BinanceSquare #BrentCrude
$CL $WTI.US , $BZ
