This post was originally published on this site.Crude oil is trading lower today as the market weighs the potential for an end to the war with Iran. In his 60 Minutes interview, Pres. Trump signaled he was reluctant to escalate the conflict. As Adam Button reported, the selling picked up after Al Hadath said Trump asked Iraq’s prime minister to relay proposals to Tehran and help mediate an end to the war. The headlines are taking some of the war premium out of crude oil. In the video above, I take a look at what the selloff did to crude...

This post was originally published on this site.Oil is plunging today in a continuation of the move since the US midterms. The market is sensing that the White House is desperate to find a way out of an unpopular war, hoping to turn the page on a decision that sparked a jump in oil prices and problematic inflation.  Now that’s easier said than done but there is a report that JD Vance will head to the Middle East next week to negotiate directly with Iran. Those sorts of meetings generally only happen when the broad strokes of some kind of...