Oil markets breathed a sigh of relief on Wednesday. Crude prices tumbled as traders grew more confident that the worst of the Israel-Iran standoff was behind them, wiping out much of the gain that had built up during the conflict. Anyone watching oil prices live could see the shift play out in real time as the geopolitical mood softened. It’s a familiar pattern for energy markets: once the immediate danger fades, so does the risk premium. With fears of shipping disruptions cooling off, both the Brent crude oil price and…
Read MoreOil Prices Drop as Market Tensions Ease Following Israel-Iran Ceasefire
