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Washington Post: Israeli Prime Minister Benjamin Netanyahu has told the Biden administration he is willing to strike military rather than oil or nuclear facilities in Iran.
Oil gaps down on the new 👇 Source: Markets & Mayhem
BREAKING: Oil prices surge back above $70/barrel as investors begin pricing-in potential supply disruptions in the Middle East.
We now have a port strike, rising oil prices, aggressive Fed rate cuts and a china monetary + fiscal package. Could this combination trigger a second wave of inflation?
Oil prices tumble to their lowest level since December 2021 on global growth worries.
Brent crude dropped <$70/bbl after the Saudi-led OPEC cut its growth projections for the world's appetite for oil. Source: HolgerZ, Bloomberg
Crude Oil closed below $70 a barrel today for the first time since last December and is now down 3% on the year.
Source: Charlie Bilello
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