Oil prices fall to $103 after Trump says Iran war could end in weeks
Oil prices have fallen sharply from $118 to $103 after President Trump suggested the Iran conflict could be over within weeks.
Markets are cautiously optimistic ahead of Trump’s Oval Office address, but analysts warn oil remains well above $100 and the trend is still upward.
Read more: https://news.sky.com/story/iran-war-latest-trump-tehran-us-israel-kharg-island-netanyahu-lebanon-strikes-drone-live-sky-news-13509565
#iran #war #oil
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9 Comments
Someone is making money betting on the price swings, but the fundamentals havenโt changed. What I donโt understand is how enough traders believe what Trump says when theyโre moving more assets to the ME
0 idea why any of these numpties think they can trust what that man says, makes me question if they really know what they are doing
Such a rigged game.
๐๐๐๐๐
Theres not enough oil, supply vs demand its gonna go bonkers just give it time
But yet its gone up at the pumps lol
The US is making money from this by selling oil and gas.
Just like the broke people that said "I will surely pay you back very soon"
The physical oil market prices are significantly higher than Brent futures