Crude oil prices rebound amid US-Iran tensions
pre-market1 source ↓written by the desknot a recommendation
- prices rebounded
- 3%
- as hostilities between
- 29 July
- crude futures rose
- $2.71
- $86.80/bbl
- drop in three
- 14%
Oil prices rebounded over 3% on 29 July as hostilities between the US and Iran paused. Brent crude futures rose $2.71 to $86.80/bbl, recovering from a 14% drop in three sessions. This increase was also supported by a decline in US crude inventories, indicating potential stability in the market. ⚡
• Brent crude: $86.80/bbl
• WTI crude: $81.95/bbl
• US crude inventories down
The geopolitical landscape remains critical for traders, influencing oil supply and pricing dynamics.
Not investment advice. For informational purposes only.