WTI crude’s rapid fall from near 120 yesterday to around the 85 area suggests that the oil market is beginning to reassess the scale of the supply shock triggered by the Middle East conflict. The earlier surge had reflected fears that the Strait of Hormuz could face a prolonged blockade, potentially removing a massive portion […]
The post WTI oil settles into 80–100 new normal as supply vacuum fears ease appeared first on ActionForex.
Markets Yesterday’s price moves on almost all markets were again highly correlated to the intraday swings in oil prices. Brent oil in Asian trading almost touched the $120 p/b level as the there was no Read more…
Key takeaway: Relative resilience in Asia: The Hang Seng Index and CSI 300 outperformed most Asian peers during the US–Iran war 2026, declining only -3.3% and -1.1% respectively from 27 Feb to 6 Mar, while Read more…
Rare are days in the markets when you get this much volatility. Asian indices were deeply sold, while US and European futures were down by 2–3% as US crude prices had spiked to $120pb on Read more…