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Oil Prices Plunge Below $90 After Trump's Remarks on Energy Policy
8 articles |
Updated 5d ago |
Created 6d ago
The oil market experienced a historic crash on Wednesday as crude prices plummeted from over $120 to below the critical 90-dollar threshold following Donald Trump's claim that his administration is "far ahead" in its war against Iran and suggests conflict may be nearly concluded.
Key Points
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1Oil prices experienced historic turmoil in a single day of trading.
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2Prices dropped from nearly $120 to trade below US$90 per barrel within hours due to market volatility triggered by Donald Trump's remarks on Iran, and continued falling toward the low-$80s during post-settlement sessions. The sharp decline followed reports that President Trump signaled a potential end soon.
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3The sudden price drop wiped out previous gains in what was described as an oil war zone.
Developments
[Mar 10, 23:59]
Oil futures moved lower toward US$80 per barrel during post-settlement trading following Trump's remarks on Iran and the subsequent volatility surge. (Source excerpt)
[Mar 10, 06:47] Mar
A day of historic turmoil for oil markets as prices dropped to $90 after reaching nearly $120.
A day of historic turmoil for the oil markets: barrel drops to $90 after reaching nearly $120
English.elpais.com
5d ago