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Crude Oil - Oil Prices Sink 4% on Hints of U.S.-Iran Deal
Oil prices slumped significantly as President Trump indicated progress in negotiations with Iran regarding a nuclear deal, potentially leading to sanctions relief and impacting global oil supply.
Crude oil jumps 4% on hope economic growth will rebound from temporary U.S.-China trade deal
Oil prices had plunged the lowest level in four years earlier this month as President Donald Trump's global tariff regime raised the risk of a recession that would slow demand. The lower tariff rate will remain in place for 90 days as the world's two largest economy continue to negotiate,