Oil Prices Fluctuate Amid Geopolitical and Trade Developments
TL;DR Summary
The US is preparing to evacuate non-essential personnel from its Baghdad embassy amid rising tensions in the Gulf related to stalled Iran nuclear talks, leading to a nearly 5% spike in WTI crude oil prices due to fears of regional conflict disrupting oil supplies, especially from Iraq and the Strait of Hormuz.
- WTI Spikes Nearly 5% as U.S. Embassy Prepares Iraq Evacuation Crude Oil Prices Today | OilPrice.com
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- Morning Bid: Oil pops, dollar drops Reuters
- Oil Steadies as Traders Parse US-China Framework Deal on Trade Bloomberg
- Oil Prices Retreat. Investors Weigh Up China Deal and Middle East Tensions. Barron's
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