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Brent Flash Crashes $6 Before Rebounding Towards $104
Brent crude plunged more than $6 per barrel Tuesday morning, falling from $107.24 to $100.80 before recovering to around $104 shortly after 10 a.m. Eastern, as traders reacted to a succession of conflicting reports about U.S.-Iran peace negotiations. The selloff followed Monday's 7.6% decline, which left Brent at $104.77. Prices initially rebounded overnight after reports of U.S. strikes on Iran's Qeshm Island, near the Strait of Hormuz, before reversing sharply Tuesday morning. The first abrupt decline began moments before a Bloomberg-attributed…
Latest closeWTI crude $102.95 ▲0.9%|Brent $112.33 ▼2.2%
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