Executive Summary
- •West Texas Intermediate’s contract for September delivery tumbled almost 6% to $79.75 a barrel.
- •Brent crude’s October contract declined nearly 5% to $83.71 a barrel.
- •Investors' hopes rose for a potential de-escalation in the war between the U.S. and Iran.
Community Sentiment
Key Developments & Data
Oil prices drop to three-week lows after Trump calls off a planned Iran attack.
West Texas Intermediate’s contract for September delivery tumbled almost 6% to $79.75 a barrel.
Brent crude’s October contract declined nearly 5% to $83.71 a barrel.
Investors' hopes rose for a potential de-escalation in the war between the U.S. and Iran.
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