#oil
Commodities
Oil prices hover near $100 ahead of potential US-Iran talks, what happens if Brent crude breaks lower?
Diplomatic hopes pull oil prices back towards $100, but a sustained break lower could reshape the wider market narrative
Oil is sitting at an interesting point heading into potential US-Iran talks this week.
Brent crude is hovering just above the $100 mark as traders took some comfort from hopes of diplomatic progress and signs that Saudi crude shipments are recovering from earlier this week. The fact that $100 is even being eyed again tells you how quickly some of the geopolitical premium can come out when the market sees a possible path towards de-escalation.
Commodities
Oil prices hover near $100 ahead of potential US-Iran talks, what happens if Brent crude breaks lower?
Diplomatic hopes pull oil prices back towards $100, but a sustained break lower could reshape the wider market narrative
Oil is sitting at an interesting point heading into potential US-Iran talks this week.
Brent crude is hovering just above the $100 mark as traders took some comfort from hopes of diplomatic progress and signs that Saudi crude shipments are recovering from earlier this week. The fact that $100 is even being eyed again tells you how quickly some of the geopolitical premium can come out when the market sees a possible path towards de-escalation.
