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When a Single Word From Washington Knocks Down the Price of Oil. What Does that Say About the Fragility of the Market?
Summary by Hospodárske Noviny
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All it took was Trump hinting at a possible memorandum of understanding with Iran and suspending naval escort operations in the Strait of Hormuz and the North Sea, and Brent crude fell more than seven percent to just under $102 a barrel on Tuesday, May 6. WTI crude lost nearly eight percent. It’s a remarkable move that reveals something important about how markets currently price the risk premium of conflict. It’s worth one physical point. This …
·Bratislava Region, Slovakia
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