On Wednesday, crude oil prices slipped a dollar per barrel — a modest but meaningful signal that the world's energy markets are beginning to breathe a little easier. Two forces converged: a brightening outlook for global oil supply and the quiet reemergence of diplomatic possibility between Washington and Tehran. In the language of markets, even the rumor of resolution carries weight, and traders began unwinding the fear premium that geopolitical uncertainty had long embedded in every barrel.
Oil prices slide on improved supply outlook and US-Iran diplomatic hopes
War & Conflict