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Sinopec Economics: Peace negotiations are actively progressing, and oil prices are mainly weak.

K-LinePoet
Recently, as negotiations between the United States and Iran continue to advance, Trump announced that a peace agreement may be reached. As a result, the prices of both oils dropped from around $100 per barrel to approximately $95 per barrel. Zhuochuang Information predicts that the progress of the negotiation agreement will significantly reduce market concerns. Although the United States launched another attack on Iran today, and there is a risk of repeated conflicts, market expectations are that an agreement will be reached. Therefore, crude oil prices are expected to remain under pressure. (Zhuochuang Information)
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