Crude Oil Plunges with Intraday Swing of Over 40%, Trump Says War is Basically Over
BlockBeats News, March 10th, according to Bitget data, U.S. President Trump stated that the Iran war has basically ended. Following this news, crude oil experienced a short-term drop of $14. During the Asian market session, crude oil surged by up to 30%, peaking at $118 per barrel. However, after Trump hinted that the war had ended, the price of oil plummeted to a low of $80.1 per barrel. The intraday swing exceeded 40%, currently trading at $88.32, with a 24-hour decline of 17.82%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Treasury bond futures opened in the morning session
Shell agrees to sell part of its lubricants business for $1.3 billion
U.S. stocks closed with most crypto-related stocks rising, Nasdaq up 1.38%
Sky Partners Rune's long positions in crude oil are currently showing a floating loss of $700,000.
Trending news
MoreCrypto prices
More
