Brent falls below $90 for the first time since August!
On November 10, Brent crude fell below $90 intraday for the first time since August 31.
Is pressure from the Middle East finally about to ease?
On November 9, Trump publicly said that the war between the United States and Iran was “effectively over.”
After those words, Brent plunged 5.85% that day.
The decline continued the next day, with prices briefly falling to $89.16 before closing at $91.49.
West Texas crude also retreated, closing near $86.
The geopolitical risk premium that had pushed oil prices to elevated levels is being reassessed by the market.
This is a strong cooling signal for inflation, which was already looking pretty grim.
Once things stabilize, how do you think this will spill over into U.S. stocks?
#伊朗 #CrudeOil
On November 10, Brent crude fell below $90 intraday for the first time since August 31.
Is pressure from the Middle East finally about to ease?
On November 9, Trump publicly said that the war between the United States and Iran was “effectively over.”
After those words, Brent plunged 5.85% that day.
The decline continued the next day, with prices briefly falling to $89.16 before closing at $91.49.
West Texas crude also retreated, closing near $86.
The geopolitical risk premium that had pushed oil prices to elevated levels is being reassessed by the market.
This is a strong cooling signal for inflation, which was already looking pretty grim.
Once things stabilize, how do you think this will spill over into U.S. stocks?
#伊朗 #CrudeOil