The Story
News Summary
- Treasury Secretary Scott Bessent predicted crude prices could drop to $40 per barrel once the Iran conflict resolves, expecting supply surges to cool inflation and Treasury yields.
- Meanwhile, elevated oil and strong jobs data continue fueling Fed rate-hike concerns.
Explore BRENT price history & advisor snapshot
These are separate market snapshots and may predate this story. Check the data period, generation time and expiry before using them in your research.
Stored market data
BRENT price history
101.20
+55.88% over the displayed period
Advisor Snapshot
Unlock Member-Only Insights
Reserved for TradingNews24 members. Log in or create a free account to access market signals and exclusive tools.