Why is oil crashing in a war?
Автор: Cockpit
Загружено: 2026-11-07
Просмотров: 417
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Why is oil crashing in a war?
For weeks, oil was priced for war. Brent, the world's main oil price, went above $116 a barrel as tankers were attacked near the Strait of Hormuz, the narrow way out of the Gulf. Then America voted: Democrats won both houses of Congress, traders started betting the war with Iran would wind down, and President Trump signalled there were no plans for new strikes. Brent fell more than 16 percent in a single week, its steepest weekly fall since the start of the pandemic. But the war hasn't ended and no deal has been signed. A sailor was killed when an oil tanker exploded in the Gulf in what is believed to be a missile attack, and attacks on oil ships are still running close to a record pace. Matt Stanley of Kpler, after more than 25 years in the business: a fall to $93 doesn't mean the underlying problems have disappeared. Oil is already back near $100.
Is the market pricing peace, or just hoping for it?
Sources:
Reuters via RTE: https://www.rte.ie/news/business/2026/1106...
CNBC: https://www.cnbc.com/2026/11/06/oil-price-...
Reuters via Global Banking and Finance Review: https://www.globalbankingandfinance.com/oi...
Coinpaper: https://coinpaper.com/38434/oil-price-fore...
Investors King: https://investorsking.com/2026/11/06/oil-p...
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