Oil Prices Just Posted Their Biggest One-Day Drop in Two Months. Here's What it Means for Energy Investors.
Oil prices plunged after the U.S. and Iran suddenly halted fighting that had resumed in recent weeks.
Overview
A sudden pause in fighting between the U.S. and Iran last Friday sent oil prices tumbling, as investors hoped that the two sides could potentially return to the ceasefire.
While there’s no indication that will happen, Mike Waltz, U.S. ambassador to the United Nations, said President Donald Trump is giving diplomacy “some space.”
Details
As of 12:57 p.m. on July 27, the price of WTI crude oil had fallen over 7%, marking the biggest one-day drop in about two months. WTI now trades around $82.89 per barrel.
Source
Originally published at www.fool.com.
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