WTI Crude Oil steadies near $90.00 after a ceasefire-led sell-off

Image via FXStreet

Crude prices tumbled on Wednesday after the announcement of a two-week ceasefire in the Iran war. The price of the US benchmark West Texas Intermediate (WTI) barrel plunged more than 15% from Tuesday’s highs above $106.00 to consolidate around $90.00 at the time of writing.

Read Full Report at FXStreet

AI Executive Brief

/ Crude oil prices fell sharply after a ceasefire in the Iran war was announced.
/ WTI crude oil dropped over 15% from its previous high to stabilize around $90.00.
/ The ceasefire led to a significant sell-off in the oil market.

AI-generated summary for informational purposes. Verify with original source.

WTI Crude Oil steadies near $90.00 after a ceasefire-led sell-off

More from The Global Wire

Citizens Financial: Solid Q1 Shows No Signs Of Economic Weakness

Zonda exchange says 4.5K BTC wallet inaccessible amid withdrawal crisis

Retail traders pile into Allbirds after odd AI pivot. History shows it won't end well

Abbott Laboratories Slammed On Its Post-Exact Sciences Guidance

General Mills announces €1.7 billion notes offering due 2056

First Horizon: A Decent Start, But Follow Through Is Key

The Global Wire — Live Front Page