Summary
- Global oil prices plunged, briefly slipping intraday to below $83 per barrel.
- WTI crude futures were down about 13.49% intraday and are trading around $85.6 after paring losses.
- The drop is seen as reflecting expectations of easing geopolitical tensions after President Trump cited progress in talks with Iran and announced a five-day delay to a military strike.
Forecast Trend Report by Period
Global oil prices plunged, sliding at one point intraday to the low $80s.
According to Odaily, a media outlet specializing in virtual assets (cryptocurrencies), WTI crude futures fell at one point intraday to below $83 per barrel on the 23rd.
Oil prices were down about 13.49% on an intraday basis, posting a steep decline. They later pared some losses and are trading around $85.6.
The move is seen as reflecting expectations of easing geopolitical tensions after President Trump cited progress in talks with Iran and said he would delay a military strike for five days.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
