š Oil Prices Slide as Trumpās Remarks Ease Iran Tensions
Oil futures dropped sharply on Thursday after U.S. President Donald Trumpās comments suggesting deāescalation in Iran reduced geopolitical risk in energy markets. Both Brent and WTI crude fell over 3%, reversing recent gains as traders priced out the threat of supply disruption. ļæ½
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š¹ Brent crude slipped ~3.3% to around $64.3/bbl, while U.S. WTI crude fell about 3.3% to ~$60/bbl in early trade. ļæ½
š¹ Trump said heād been assured that killings of protesters in Iran were subsiding, easing fears of a U.S. military conflict. ļæ½
š¹ The market reacted with selling pressure as the immediate risk of supply disruption appeared lower. ļæ½
Business Recorder
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š¢ļø Other Key Factors Impacting Oil Prices: ⢠U.S. crude inventories rose more than expected, adding to bearish sentiment. ļæ½
⢠Venezuela has started reversing production cuts and resuming exports, increasing supply. �
⢠Chinaās crude imports jumped significantly yearāoverāyear in December and for all of 2025, though still not enough to offset bearish pressures. ļæ½
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