Key Takeaways Closest yet: The White House believes it is approaching a one-page memorandum of understanding (MOU) with Iran — the closest the parties have been since the war began. 48-hour window: The U.S. expects Iranian responses on several key points within the next 48 hours. Witkoff and Kushner lead: …
Read More »Demand Fears Cannot Keep WTI Price Below $90
On Friday, WTI crude oil trades at $90.44 versus $90.11 on Thursday. Brent trades at $95.17 versus $90.75 on Thursday.Bearish sentiment dominated oil markets amid fears of demand destruction. Rumors on nuclear deal renewal are pushing crude prices down. Inventory draws in the US are pushing prices higher, but downward …
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