Crude Oil Plunges as WTI and Brent Tumble Over 4% in Aggressive Sell-Off
Global crude oil benchmarks suffered steep losses, with Brent falling 4.40% and WTI tumbling 4.75%, highlighting intense selling pressure in the energy sector.
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Global crude oil benchmarks suffered steep losses, with Brent falling 4.40% and WTI tumbling 4.75%, highlighting intense selling pressure in the energy sector.
Brent crude falls below $100/barrel on U.S.-Iran peace deal hopes, easing short-term inflation expectations. Oil decline may limit dollar strength and trigger USD position unwinding as energy-driven …
Oil futures decline sharply as markets anticipate a U.S.-Iran deal to reopen the Strait of Hormuz. WTI falls 5.2% to $98.75, while Brent drops 5.5% despite bullish crude inventory drawdowns.