Oil Prices Plummet on Trump's Iran-Israel Prediction
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Show Notes
Oil prices plummeted on Friday, with Brent crude dipping below $100 per barrel, following former President Trumps prediction of a swift resolution to the potential Iran-Israel conflict. The drop was exacerbated by a surprise increase in U.S. crude stockpiles and a stronger dollar, leading to a weekly loss of around 3-4%. Despite the pullback, prices remain elevated due to Middle East tensions and supply concerns, with more market volatility expected in the future.
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