Crude oil futures decreased by 2% on Friday, as investors assessed prospects for a peace agreement between the United States and Iran. Recent media reports claimed that Washington and Tehran supposedly considered a phased deal that could include reopening the Strait of Hormuz and also lifting a US blockade of Iranian ports. In addition, US President Donald Trump confirmed that representatives from both countries held talks through mediators on the sidelines of the United Nations General Assembly (UNGA) in New York. West Texas Intermediate (WTI) for November settlements slipped by 2.28% at 8:07 am ET to sell for $92.48 per barrel. Meanwhile, Brent for the same month’s deliveries decreased by 1.61% to $104.91 per barrel.
NN: Swan Song…. Where have i heard this shit before. Like 30 times before. If they announce another dead it won’t stick. But it will be good for a drop in Brent to the lower nineties,,,,, Where we can complete doubling down and building our reverse pyramid.
Please review our previously posted Black Mask Trade Reco’s in Brent Crude Oil.