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Crude Oil Prices May Keep Falling as PMI Data Shows Inflation Swell
of clients are net short. Long
News
of clients are net short. Long
News
of clients are net short. Long
News
of clients are net short. Long
News
2021-05-21 07:02:00
Ilya Spivak,
Head Strategist, APAC
CRUDE OIL OUTLOOK:
Markets see US-Iran thaw bringing significant supply boost
US, UK PMI data in focus for signs of sticky inflation rise
Crude oil prices continued to sink, with the benchmark WTI contract recording its worst three-day performance in two months. Traders are mulling the prospect of a thaw between Washington and Tehran that might see sanctions on Iranian crude exports eased as part of a new denuclearization deal.