Crude oil prices fell sharply after the US and Iran signed a preliminary ceasefire and agreed to reopen the Strait of Hormuz. USO dropped 4.21% to 106.64, touching the bottom…
Oscar Boyd5 min read
USO fell nearly 4% to sit just above its 52-week low as Brent crude approached pre-war levels. A recovering Strait of Hormuz, potential Iranian supply and a stronger dollar are…
Mason Taylor5 min read
Crude oil is pricing in a ceasefire. USO fell 3.69% to $107.12 on June 21, touching its lowest level since before the Iran war began, as U.S.-Iran talks in Switzerland…
Katelyn Marshall5 min read