The Commodities Feed: Oil slides on easing Middle East tensions

🌐 Hellenic Shipping News (Greece) —

AI Summary

Oil prices extended their declines, with Brent falling below $92 per barrel and WTI trading around $86. Prices eased as markets unwound some geopolitical risk premium on expectations that tensions between the United States and Iran could de-escalate.

Energy – Oil extends losses Oil prices extended their decline on Tuesday, with Brent falling below $92/bbl and WTI trading around $86/bbl. The market has continued to unwind some of the geopolitical risk premium built into prices in recent weeks as expectations grow that the conflict between the US and Iran could move towards de-escalation. ...

World Conflict Politics Markets Commodities Energy oil prices Brent WTI United States Iran geopolitical risk de-escalation

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