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WTI Crude Plunges Below $82 as Easing US-Iran Tensions Cool Supply Fears

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The Story

News Summary

  • Crude oil tumbled over 3% below $82 per barrel as diplomatic mediation eased US-Iran military escalation fears.
  • Market sentiment weakened further after Washington's new economic sanctions proved milder than anticipated, while oil shipments continue flowing steadily through the Strait of Hormuz.
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Stored market data

WTI price history

100.05 +69.03% over the displayed period

Advisor Snapshot

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