Oil prices took a roller-coaster ride today—what a thrill.
Morning: The Houthis claimed they had bombed Saudi oil fields and an airport. Brent shot straight up to $111, its highest level in five months, and the bulls popped champagne, calling for $150.
Then at noon, the story changed: Al-Araby Al-Jadeed reported that mediators had put forward a plan to restart US-Iran talks (even the WSJ said it hadn’t verified the report). US stocks immediately reversed course, with the Dow up more than 600 points at one point, while oil was pushed back below $108.
Time for the market’s cast of characters:
Those who chased crude higher this morning: barely got in before getting slammed against the ceiling
Crude bears: deleting their posts in the morning, back from the dead and popping champagne by the afternoon
Those sitting on the sidelines: $BTC barely budged around 81400, watching the show
Sound off in the comments:
A: If one rumor can send prices soaring, the market was clearly itching to go up anyway
B: An unverified report counts as good news now? Don’t cry if things reverse tomorrow
$ETH $SOL
#美股 #原油 #USIran
Morning: The Houthis claimed they had bombed Saudi oil fields and an airport. Brent shot straight up to $111, its highest level in five months, and the bulls popped champagne, calling for $150.
Then at noon, the story changed: Al-Araby Al-Jadeed reported that mediators had put forward a plan to restart US-Iran talks (even the WSJ said it hadn’t verified the report). US stocks immediately reversed course, with the Dow up more than 600 points at one point, while oil was pushed back below $108.
Time for the market’s cast of characters:
Those who chased crude higher this morning: barely got in before getting slammed against the ceiling
Crude bears: deleting their posts in the morning, back from the dead and popping champagne by the afternoon
Those sitting on the sidelines: $BTC barely budged around 81400, watching the show
Sound off in the comments:
A: If one rumor can send prices soaring, the market was clearly itching to go up anyway
B: An unverified report counts as good news now? Don’t cry if things reverse tomorrow
$ETH $SOL
#美股 #原油 #USIran