Crude oil futures plunged as Iran kept the Strait of Hormuz open, sharply easing immediate supply disruption fears. The move unwound part of the geopolitical risk premium embedded in oil prices, turning the near-term outlook more bearish for energy markets.
Crude oil futures plunged as Iran kept the Strait of Hormuz open, sharply easing immediate supply disruption fears. The move unwound part of the geopolitical risk premium embedded in oil prices, turning the near-term outlook more bearish for energy markets.
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moderately negative
Sentiment Score
-0.45
