Oil plunges below $100 as US-Iran peace hopes trigger market reversal
Oil prices have fallen more than 19% since the end of last week as growing expectations of a potential US-Iran peace agreement trigger a sharp reversal in energy markets, with government bonds rallying as inflation concerns ease, according to a report by the Financial Times. Brent crude dropped 8.7% on Wednesday before falling further to $94.23 a barrel in early Thursday trading, its lowest level…
We haven't written up this one. Hedgeweek has the full story — the link below goes straight to it.
