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WTI Crude Tumbles as Iran De-escalation and Rising OPEC+ Supply Ease Oil Rally

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The Story

News Summary

  • WTI crude futures retreated from $95 to $91.50 as Iran signaled the end of military operations.
  • Reduced escalation risks, combined with OPEC+ production increases and weakening Chinese import demand, have eased supply concerns and exerted downward pressure on oil prices.
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Stored market data

WTI price history

99.47 +64.09% over the displayed period

Advisor Snapshot

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