Crude Oil Price Dives as OPEC+ Agrees to Another Supply Hike
Crude oil prices plunged in the perpetual futures market after President Trump eased fears of an imminent escalation with Iran.
Oil prices fell because there's less worry about a big conflict with Iran, and OPEC+ countries agreed to pump more oil into the world. When there's more oil available and less danger, prices usually drop—so watch whether energy companies can still make good profits with cheaper oil.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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