Energy
Standard Chartered: Record CTA Long Bets Are Capping Oil's Upside
Oil prices rebounded from their recent slide on fears of U.S.-Iran escalation after attempts at diplomacy yielded mixed results, with speeches by leaders on both sides laced with threats and belligerence.
Summary
Oil prices rebounded from their recent slide on fears of U.S.-Iran escalation after attempts at diplomacy yielded mixed results, with speeches by leaders on both sides laced with threats and belligerence. Brent crude for November delivery was up 1.70% to trade at $106.09 per barrel at 4:30 p.m.
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