Brent falls below $105 on US-Iran talks hopes
ING notes a sharp correction in Brent with ICE Brent dropping 7.6% and falling back below $105/bbl as hopes for US-Iran talks grow ahead of US midterm elections. Strong signals of peace progress would imply further downside.
Original · FXStreet AI summary of public reporting
Why: US-Iran talks hopes → lower Brent
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At publication → CurrentBRENTOIL103.78 → 103.17−0.6%