Brent crude oil prices fell to $100 per barrel after an intraday decline of 1.68% to around $103. Investors are reacting to the possibility of a U.S.-Iran diplomatic agreement that could reduce the risk of supply disruptions in the Gulf. The geopolitical risk premium embedded in oil prices has therefore eased, although the negotiations remain unresolved. The probability of crude oil reaching an all-time high by December 31 fell from 14% to 9.5% in 24 hours.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
