Crude oil plunged on Monday after soaring over the prior three sessions as traders engaged in profit-taking. The move was reinforced by reports that the blockade of the Strait of Hormuz showed mild signs of easing, lowering near-term geopolitical supply risk and pressuring prices.
Crude oil plunged on Monday after soaring over the prior three sessions as traders engaged in profit-taking. The move was reinforced by reports that the blockade of the Strait of Hormuz showed mild signs of easing, lowering near-term geopolitical supply risk and pressuring prices.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
