Israeli attacks on Iran over the weekend targeted only military facilities, sparing oil installations, thus maintaining Iranian oil operations and reducing concerns about crude supply issues. In the face of this news, oil prices fell sharply, posting as much as 5.5% declines, after which a technical rebound began on crude prices.
Source: xStation
Daily Summary: Oil Rebounds, EURUSD Falls Sharply 🗽 Wall Street Stabilizes After Nvidia Sell-Off
Oil Gains Nearly 2% Despite a Sharp Rise in US Inventories 📈
🚩 Gold loses almost 3%
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