Oil Slumps at Week’s Open as Washington and Tehran Pause Attacks - Bloomberg.com
Oil Slumps at Week’s Open as Washington and Tehran Pause Attacks - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
WTI at $89.31 is up 8.3% in a week and 27% in a month. That spike wasn't priced for a ceasefire — it was priced for Iranian strikes on Gulf shipping. If Washington and Tehran have actually paused, crude should be trading fifteen dollars lower. Either the pause is tactical theatre or the market knows something the headlines don't.