Is It Over When Trump Says It's Over? We'll See
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What on earth is going on? In one of the strangest days of trading oil in history, Brent crude breached $80 per barrel at the first chance to react to the US attack on Iranian nuclear facilities, and then fell. When Iran retaliated by firing missiles at a US military base in Qatar — which might have been expected to send prices upward again — the fall turned into a rout, and Brent dropped below $70. That was a total decline of 13% in response to what appeared to be terrible news.
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