Energy · 1 views
Oil Markets Price In an Iran Deal That Does Not Exist Yet
Oil prices tumbled Tuesday as traders once again priced in a U.S.-Iran agreement before anyone had actually signed one.
AI Summary
Oil prices tumbled Tuesday as traders once again priced in a U.S.-Iran agreement before anyone had actually signed one. West Texas Intermediate was trading at $75.64 per barrel shortly before 2 p.m. ET, down $4.70, or 5.85%, while Brent had fallen $4.61 to $79.16. Both benchmarks touched three-week lows as hopes rose that an agreement could reopen the Strai…
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