US and Brent crude oil futures fell by more than $4 a barrel. Before the decline, Brent was trading between $103 and $104, while West Texas Intermediate futures were around $95 to $96. Both benchmarks had already recorded their lowest closes in several weeks. The move reflects diplomatic efforts involving Iran and Ukraine, which are lowering the likelihood of crude reaching a new record high in the near term. The probability of crude reaching an all-time high by December 31 fell to 9.5% from 14% the previous day.
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
