Oil Tumbles Below $100 as U.S.-Iran Cease-Fire Agreement Calms Markets
In early European trading the front-month Brent contract for June delivery slid 15%, WTI futures for May fell 18% and the European natural gas benchmark was down 17%.
Oil prices plunge on ceasefire
- Oil prices plummet amid Trump-Iran ceasefire deal The Hill —
- Dow futures soar nearly 1,300 points, oil tumbles on Iran ceasefire CBS News —
- $1.5 trillion relief rally erupts on Wall Street after Trump hits pause on Iran strikes Fortune —
- Wall Street, global markets surge after US-Iran ceasefire sends oil prices below $100 a barrel ABC News —
- Price of oil tumbles as global stocks rebound on two-week ceasefire The Independent —