๐ #Oil Update โ Market Cools After Iran Unrest Eases ๐ฎ๐ท๐บ๐ธ
$ARPA / $FHE โ Oil prices dropped this week as geopolitical risks eased.
Crude benchmarks gave up recent gains after reports that the severe unrest in Iran has calmed and U.S. President Trump backed off aggressive action, reducing fears of a wider conflict. Brent and WTI slipped from recent highs as traders reassessed the โwar risk premium.โ
Key factors:
๐น Geopolitical fear retreat โ markets cheered reduced odds of U.S. strikes after Trumpโs remarks and claims Iran curtailed executions (though not officially confirmed).
๐น Strong U.S. crude stock builds increasing supply pressure.
๐น Venezuela oil exports and supply outlook also weighing on prices.
Brent ~ $64 / WTI ~ $60 โ risk sentiment drives swings, watch for volatility.