Oil bounces around before finishing lower by 29-cents
Iran-Israel geopolitical risk continued to come out of oil today but the decline wasn't as bad as feared. WTI finished the day down 29-cents to $82.82, well above the low of $81.85.It was no-doubt helped by the broader improvement in risk appetite and US dollar selling that emerged halfway through US trading. That comes after a six-day rout in stocks that looks like it will end today (SPX up 1.4% currently). This article was written by Adam Button at www.forexlive.com.
Iran-Israel geopolitical risk continued to come out of oil today but the decline wasn't as bad as feared. WTI finished the day down 29-cents to $82.82, well above the low of $81.85.
It was no-doubt helped by the broader improvement in risk appetite and US dollar selling that emerged halfway through US trading. That comes after a six-day rout in stocks that looks like it will end today (SPX up 1.4% currently). This article was written by Adam Button at www.forexlive.com.
