Chart Tracker

Oil Dips Despite Tensions, Market Eyes $100 Spike

By Barry Stearns

4/15, 12:17 EDT
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  • WTI Crude for May '24 is trading at $84.48 per barrel, down 1.38% from the previous session, indicating a bearish sentiment in the market despite recent geopolitical tensions.
  • The recent dip in oil prices suggests that the market has already factored in the immediate risks of the Iran-Israel conflict, aligning with analysts' views that the current geopolitical tensions are priced in.