Oil slides as Trump signals Iran de-escalation; Brent and WTI sink more than 4%:
Oil prices fell on Thursday after President Donald Trump’s remarks that executions in Iran have stopped eased geopolitical tensions and reduced concerns over supply disruptions.
Brent futures (CO1:COM) were down 4.4% to $63.57, while U.S. West Texas Intermediate crude (CL1:COM) slipped 4.7% to $59.25/bbl at press time.
Trump turned the oil market mood by saying he had received assurances that killings of demonstrators in Iran had stopped, PVM analyst John Evans told Reuters, adding that prices on Thursday reflect the narrative of a near-term future of oversupply.
Also on the supply side, Venezuela has started reversing oil production cuts made under a U.S. embargo as crude exports were also resuming, according to reports.
Elsewhere, China's crude oil imports rose 17% from a year earlier in December, while total imports in 2025 rose 4.4%, government data showed, with daily crude import volume hitting all-time highs in December and for all of 2025.
#MarketRebound #TRUMP #usa #BTCVSGOLD #MarketImpact
