Traders buy the dip as Iran talks boost crude oil
pre-market1 source ↓written by the desknot a recommendation
- to a high
- $62.14
- a high
- $64.14
West Texas Intermediate crude oil futures rose on Tuesday, bouncing from last Friday's low of $62.14 to a high of $64.14. Traders are reacting to renewed fears of supply disruptions in the Middle East, driven by talks between the U.S. and Iran and increased military presence in the region. This has encouraged buying activity, particularly among short sellers covering positions.
Not investment advice. For informational purposes only.