Global markets rallied on Wednesday, while oil prices fell below the $100 line, after the ceasefire announcement between the United States, Israel, and Iran.
The West Texas Intermediate (WTI) barrel of oil is trading 16% lower than on Tuesday; the Brent barrel is trading 15% lower, while crude oil on the Tokyo exchange is selling 1,3% below its level yesterday, according to data shared by Bloomberg.
Natural gas contracts traded on the New York Mercantile Exchange have also been falling, with prices 5% lower than on Tuesday.
In contrast, the S&P 500 opened on Wednesday 0,1% up and completely recovered from the fall it had on Tuesday after US President Donald Trump said the US would "destroy an entire civilization if there was no agreement with Iran."
The same situation was observed in the NASDAQ 100 index, which also opened 0,1% higher after the two-week ceasefire agreement.
