Oil Prices Are Moving Like Crazy, Citi's Layton Says

Citigroup commodities research head Max Layton says oil prices will keep "moving around like crazy" as traders weigh conflicting signals from Washington about whether the Iran war is ending. The commentary points to elevated volatility in crude rather than a directional call. Market impact is centered on oil and broader energy sentiment, with geopolitical uncertainty still driving price swings.

Analysis

Citigroup commodities research head Max Layton says oil prices will keep "moving around like crazy" as traders weigh conflicting signals from Washington about whether the Iran war is ending. The commentary points to elevated volatility in crude rather than a directional call. Market impact is centered on oil and broader energy sentiment, with geopolitical uncertainty still driving price swings.