Oil Rebounds to $81.18 US Crude, $84.92 Brent After 5% Slide
Updated
Updated · Euronews · Aug 4
Oil Rebounds to $81.18 US Crude, $84.92 Brent After 5% Slide
3 articles · Updated · Euronews · Aug 4
Summary
$81.18 US crude and $84.92 Brent marked an early Tuesday rebound in Asia after both benchmarks fell more than 5% a day earlier.
That whipsaw followed shifting signals on the Iran conflict: Trump had paused new strikes over the weekend, while uncertainty over diplomacy and Strait of Hormuz access kept traders on edge.
Brent swung between $72 and $102 last month as fears rose and eased over the war and whether tankers could freely leave the Persian Gulf.
Markets otherwise steadied on Monday's oil retreat— the Dow hit a record high, the S&P 500 rose 1.5%, and the 10-year Treasury yield eased to 4.68%.