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Oil sees sound buyers coming in again after risk premiums got priced out on easing words from Iran
The post Oil sees sound buyers coming in again after risk premiums got priced out on easing words from Iran appeared on BitcoinEthereumNews.com. WTI Oil drops below $85 after Iran’s drone attack on Israel ended without any massive effects. US Secretary of State Antony Blinken was speaking with several leaders in the region to ease the tensions. The US Dollar Index starts wild ride on the back of upbeat US Retail Sales Oil prices steady below $85 on Monday after markets heaved a big sigh of relief after the Iranian retaliation against Israel was well-communicated and led to very little damage, with investors hopeful that any escalation will prove contained. During the weekend, the attack took place, consisting of a drone and missile attack, from which more than 99% got neutralised by defence systems. Meanwhile, Iran has said it is not seeking further escalation and even the US has already been in touch with Iran, which means the diplomatic machine is working to avoid further escalation. The US Dollar, meanwhile, is entering in a knee jerk reaction on Monday after already an eventful week last week where the US Dollar Index printed a fresh year-to-date high. The Greenback eased first this Monday with the easing tensions being underway. Though, the Greenback rallied after US Retail Sales were a big beat on estimates across the board, triggering a knee jerk reaction. Crude Oil (WTI) trades at $84.40 and Brent Crude at $89.27 at the time of writing. Oil news and market movers: That was it Goldman Sachs Analyst Daan Struyven said to Bloomberg that a $5 to $10 risk premium should be added into the Oil prices when the Israel-Iran situation further escalates. Iran’s Foreign Ministry Spokesman Nasser Kanaanihas said on Monday morning Iran is not looking for further escalation of tensions in the Middle East, Bloomberg reported. Overall risk on sentiment rolls through markets after tensions in the Middle East are easing. Upside risk to…
The post Oil sees sound buyers coming in again after risk premiums got priced out on easing words from Iran appeared on BitcoinEthereumNews.com.
WTI Oil drops below $85 after Iran’s drone attack on Israel ended without any massive effects. US Secretary of State Antony Blinken was speaking with several leaders in the region to ease the tensions. The US Dollar Index starts wild ride on the back of upbeat US Retail Sales Oil prices steady below $85 on Monday after markets heaved a big sigh of relief after the Iranian retaliation against Israel was well-communicated and led to very little damage, with investors hopeful that any escalation will prove contained. During the weekend, the attack took place, consisting of a drone and missile attack, from which more than 99% got neutralised by defence systems. Meanwhile, Iran has said it is not seeking further escalation and even the US has already been in touch with Iran, which means the diplomatic machine is working to avoid further escalation. The US Dollar, meanwhile, is entering in a knee jerk reaction on Monday after already an eventful week last week where the US Dollar Index printed a fresh year-to-date high. The Greenback eased first this Monday with the easing tensions being underway. Though, the Greenback rallied after US Retail Sales were a big beat on estimates across the board, triggering a knee jerk reaction. Crude Oil (WTI) trades at $84.40 and Brent Crude at $89.27 at the time of writing. Oil news and market movers: That was it Goldman Sachs Analyst Daan Struyven said to Bloomberg that a $5 to $10 risk premium should be added into the Oil prices when the Israel-Iran situation further escalates. Iran’s Foreign Ministry Spokesman Nasser Kanaanihas said on Monday morning Iran is not looking for further escalation of tensions in the Middle East, Bloomberg reported. Overall risk on sentiment rolls through markets after tensions in the Middle East are easing. Upside risk to…
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