Oil dropped sharply to under $76 a barrel after the US Treasury Secretary, Bessent, said a possible US-Iran deal might be announced soon.
In Summary: The market thinks an Iran deal could mean more oil supply, and more supply usually pushes prices down. The post is basically highlighting how fast oil reacted to that headline and the uncertainty around whether the deal will really happen.#NFA✅ #OilPrice #USIranDealOrNoDeal #MoodysAssignsSKHynixFirstARating #KOSPINikkeiOpenHigherOnChipStocks $CL
$XPIN
$Jager
In Summary: The market thinks an Iran deal could mean more oil supply, and more supply usually pushes prices down. The post is basically highlighting how fast oil reacted to that headline and the uncertainty around whether the deal will really happen.#NFA✅ #OilPrice #USIranDealOrNoDeal #MoodysAssignsSKHynixFirstARating #KOSPINikkeiOpenHigherOnChipStocks $CL
$XPIN
$Jager