WTI drops near $101 after Trump rules out immediate Iran strikes
West Texas Intermediate crude oil price declines after registering over 4% gains in the previous trading day, hovering around $101.10 during Asian hours on Monday following President Trump ruling out immediate strikes on Iran.
Original · FXStreet AI summary of public reporting
Why: Trump rules out immediate Iran strikes → lowers supply risk premium
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At publication → CurrentCL101.73 → 101.28−0.4%
BRENTOIL110.35 → 109.85−0.5%