Oil prices fell more than 4% on Feb. 2, with Brent dropping to $65.98 and WTI to $61.84, as easing U.S.–Iran tensions and a stronger dollar erased much of January’s geopolitical risk premium. Geopolitical Thaw Triggers Sharp Crude Sell-Off Oil prices slid more than 4% on Monday, Feb. 2, after an apparent thaw in tensions […]Crude Collapse: Brent Slides to $65 as Geopolitical Risk Premium Evaporates
Oil prices fell more than 4% on Feb. 2, with Brent dropping to $65.98 and WTI to $61.84, as easing U.S.–Iran tensions and a stronger dollar erased much of January’s geopolitical risk premium. Geopolitical Thaw Triggers Sharp Crude Sell-Off Oil prices slid more than 4% on Monday, Feb. 2, after an apparent thaw in tensions […]