WTI crude falls $1.64 on optimism over Saudi supply bypasses
WTI crude oil settled lower at $95.60 as reports of Saudi bypass restoration and Hormuz transit ease supply fears.
Oil prices rose after Libya's NOC halted production at three fields due to protests and warned of force majeure on deliveries.
Oil prices climbed sharply after Libya's National Oil Corporation said it had halted output at oil fields due to protests and might declare force majeure on scheduled shipments.
Production stopped at three fields after members of the Petroleum Facilities Guard — the group that protects Libya's oil infrastructure — shut a valve on the main Hamada-Zawiya crude pipeline.
In the wake of that move, the US 10-year Treasury yield once again crossed the 5% mark.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
WTI crude oil settled lower at $95.60 as reports of Saudi bypass restoration and Hormuz transit ease supply fears.
Gold price tests a dense support zone defined by moving averages and Fibonacci levels as buyers and sellers vie for control.
JPMorgan has abandoned its baseline view of the Iran war, saying it can no longer model the endgame after key economic thresholds were breached.
Gold extends gains on de-escalation hopes ahead of Trump meeting on Iran.