Good luck making sense of this.
Overnight saw oil prices slide as optimism of a deal picked up (though few headlines) and IRGC said that a return to war with the US was unlikely (while warning that it stood ready against any attack). 0800ET Oil tumbled on Iran TV reports of optimism on a MOU and draft deal status 0900ET Oil reverses higher as The White House says MOU report is ‘complete fabrication’ 1300ET Oil up, stocks down as Trump says ON IRAN: WE MAY HAVE TO CLOSE IT OUT VERY QUICKLY 1400ET Oil drifted lower as Trump’s cabinet meeting ended uneventfully (threats to Oman. Strait will be open soon to everybody)
Dated Brent dumped again, but on what, exactly?
