Oil cools as US-Iran de-escalation eases price risk
TL;DR Summary
Oil prices fell about 3% as signals of de-escalation between the United States and Iran reduced geopolitical risk premiums; Brent traded around $67.28 per barrel and WTI around $63.17, after lifting from multi-month highs, with OPEC+ keeping March output unchanged amid a well-supplied market.
- Oil prices fall by 3% on US-Iran de-escalation Reuters
- Top energy expert puts odds of U.S. attack on Iran at 75% — 'this one is real' Fortune
- Brent Crude Hits $70 a Barrel as Trump Ramps Up Iran Threats Bloomberg
- Oil Futures Extend Gains on U.S.-Iran Tensions The Wall Street Journal
- Hedge Funds Rush Into Bullish Oil Bets Amid Iran Risk, US Freeze Bloomberg
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