Oil has plunged so quickly that it wiped out all the gains made in September and October in just 10 days of November!
WTI is already at $84.83 per barrel, down 18.5%.
Brent is at $90.56, down 19.7%.
The main factor is hopes for an end to the war with Iran.
The market is rapidly reassessing the risks. It looks like the geopolitical premium in oil prices is starting to disappear.
$CL $BZ
WTI is already at $84.83 per barrel, down 18.5%.
Brent is at $90.56, down 19.7%.
The main factor is hopes for an end to the war with Iran.
The market is rapidly reassessing the risks. It looks like the geopolitical premium in oil prices is starting to disappear.
$CL $BZ
