2026-05-06 16:28
IndustryUS-IRAN CEASEFIRE HOLDS, OIL PRICES UNDER PRESSURE
May 6 – ING's commodity strategy team released a report stating that the oil market is facing renewed downside pressure as the ceasefire between the US and Iran appears to hold. Trump announced that significant progress has been made toward reaching a "complete and final agreement" with Iran. The team noted that reaching a deal to normalize oil shipping through the Strait of Hormuz is critical. Front-month WTI crude oil futures fell 1.6% to 100.60 per barrel, front−month Brent crudeo ilfuturesfell 1.7100.60 per barrel; front−month Brent crude ilfuturesfell 1.7108.05 per barrel. #thebcr #bcrTrading #bcrGlobal
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US-IRAN CEASEFIRE HOLDS, OIL PRICES UNDER PRESSURE
| 2026-05-06 16:28May 6 – ING's commodity strategy team released a report stating that the oil market is facing renewed downside pressure as the ceasefire between the US and Iran appears to hold. Trump announced that significant progress has been made toward reaching a "complete and final agreement" with Iran. The team noted that reaching a deal to normalize oil shipping through the Strait of Hormuz is critical. Front-month WTI crude oil futures fell 1.6% to 100.60 per barrel, front−month Brent crudeo ilfuturesfell 1.7100.60 per barrel; front−month Brent crude ilfuturesfell 1.7108.05 per barrel. #thebcr #bcrTrading #bcrGlobal
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