The Commodities Feed: Calm, for now
From think.ing.com
Oil prices rose this morning after a two-day decline, following US President Donald Trump's statement expressing his desire to maintain the flow of oil from Iran. His comments came after he declared a ceasefire between Iran and Israel, following US airstrikes on Iran’s nuclear facilities. In a Truth Social post, Trump said that China can continue to buy Iranian oil and that he hopes that the country will also be buying “plenty” from the US as well. However, a senior White House official later signalled that curbs on Iran would remain. WTI crude is above $65 a barrel, while Brent is trading near $68 this morning, ...
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