Analyst: With US-Iran talks approaching, oil traders are avoiding risks
Odaily reports that crude oil futures prices remained largely unchanged as traders are heading into the weekend, with the United States and Iran planning to hold talks that may determine whether the Middle East ceasefire can continue. Scott Shelton of TP ICAP said: “Traders have basically withdrawn from the market; yesterday’s $7 fluctuation seemed to happen with very few human traders involved. What they are doing is simply necessary hedging or cleaning up positions to further reduce risk exposure.” He also commented: “Perhaps after this weekend, we will have a clearer understanding of whether the differences between Iran and the United States are too great to reach an agreement.” (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jim Cramer Waits for Capitulation as AI Funding Worries Hit Tech Stocks
Euro: Upside bias toward 1.1250 against US Dollar – UOB
Australian Dollar regains ground as Democrats eye victory in both Houses
AI infrastructure demand surges, Arista’s revenue growth sets ten-year record since listing, shares soar 10% after hours
Arista Networks has delivered its most impressive quarterly report since its IPO ten years ago: third-quarter revenue surged 58.5% year-on-year to $3.66 billion, marking the fastest annual growth since its IPO in 2014. This signifies that AI-driven demand for network infrastructure has entered an accelerated release phase. Additionally, fourth-quarter guidance is set at a midpoint of $3.95 billion, surpassing analysts’ previous expectations of $3.6 billion.
Crypto prices
More
