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Crude Oil Plunges Amid Trump's Remarks On U.S.-Iran Faceoff, Profit Taking

Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials

Crude oil prices fell on Thursday after President Donald Trump said Iran is seeking a deal with the U.S., boosting expectations for an end to the standoff. The apparent de-escalation reduced the risk premium embedded in oil prices, contributing to the sharp reversal after two prior sessions of gains.

Analysis

Crude oil prices fell on Thursday after President Donald Trump said Iran is seeking a deal with the U.S., boosting expectations for an end to the standoff. The apparent de-escalation reduced the risk premium embedded in oil prices, contributing to the sharp reversal after two prior sessions of gains.

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