Brent Oil Price Risks Drop Below $100 as Trump’s Iran Talks Trigger Long Exodus

Ananda Banerjee

(12:57 PM UTC)

1 min read

Brent oil price trades at $104.70 on May 22, sitting below one critical technical level. President Trump’s call for a fast Iran deal is pulling the geopolitical risk premium out of crude.

Hedge funds are cutting longs, put hedging is climbing, and the chart is testing channel support. The three signals are now lining up for a critical Brent crude test.

Trump’s Iran Talks Pull Brent Oil…

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Ananda Banerjee · BeInCrypto

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