Oil’s immediate slide from around $115 to below $100 shows markets are embracing the US-Iran ceasefire and unwinding war premium. But with no peace deal in place, prices are likely to hold above $80 as residual risk remains. The sharp move reflects a rapid shift from pricing disruption to pricing partial normalization following the announcement […]
The post Oil Drops Below $100 on US-Iran Ceasefire, But $80 Seen as Floor Without Peace Deal appeared first on ActionForex.
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