Both WTI and Brent crude oil have tanked below the $100 mark, taking prices down hard.
WTI is currently at $99.6 per barrel, while Brent is at $99.7, both slipping under that key psychological level.
Market expectations around the US-Iran ceasefire agreement have completely doused the prior bullish momentum in oil prices.
The geopolitical risk premium has quickly evaporated, fully relieving the pressure for a price correction.
$BTC $CL
WTI is currently at $99.6 per barrel, while Brent is at $99.7, both slipping under that key psychological level.
Market expectations around the US-Iran ceasefire agreement have completely doused the prior bullish momentum in oil prices.
The geopolitical risk premium has quickly evaporated, fully relieving the pressure for a price correction.
$BTC $CL
