Oil prices slide as Trump halts strikes, Brent drops below $84
Brent oil opened over 7% lower in the Asian session after President Trump said the US would hold off on new strikes, according to Commerzbank.
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Commerzbank’s FX Research team noted that Brent crude slumped more than 7% at the Asian open, falling under $84 per barrel. The decline followed comments from President Trump indicating that the US would pause planned military strikes, easing immediate supply disruption fears.
Source: FXStreet Forex News