Oil prices plunge below $100/bbl after US, Iran agree on 2-week ceasefire
Global oil prices fell around 14% on Wednesday morning, with both Brent and WTI trading below $100 per barrel after the US, Israel and Iran agreed to a two-week ceasefire.
At 7:55 AM, the June contract of Brent was trading at $95.17 per barrel, lower by 12.90% from its previous close, while the May contract of West Texas Intermediate fell 14.64% to $96.41 a barrel.
