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Oil prices tumble 11% for biggest weekly drop in 7 weeks. Where is liquid gold headed from here?
Global markets rallied as oil prices hit seven-week lows. Hopes for a peace deal between the US, Israel, and Iran eased inflation fears. Brent crude and WTI saw sharp declines. Diplomatic efforts continue, but differing descriptions of a potential deal persist. Geopolitical tensions remain a factor. Analysts suggest restoring normal shipping could take months.
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theguardian.com
Oil price drops amid hopes of US-Iran peace deal
Commodity poised for one of biggest monthly declines, while global stock markets rally
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economictimes.indiatimes.com
Oil prices tumble 11% for biggest weekly drop in 7 weeks. Where is liquid gold headed from here?
Global markets rallied as oil prices hit seven-week lows. Hopes for a peace deal between the US, Israel, and Iran eased inflation fears. Brent crude and WTI saw sharp declines.…