WTI Crude Oil Price Collapses As Iran Contributes to Oversupply

FXTM Research Analyst Lukman Otunuga comments on WTI Crude plunging in Q2. WTI Crude collapsed during trading last week following the unexpected statement from Saudi Arabia stating that any output deals would be dependent on Iran’s participation, which consequently crumbled expectations of a successful meeting in Doha. This paradox of a scenario comes at a […]

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WTI Crude Oil Price Collapses As Iran Contributes to Oversupply


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