#原油价格下跌 Iran Refuses Direct Talks, Why Is WTI Still Below 70



Around 4:00 PM Beijing time on July 1, crude oil entered an awkward
state: bullish on the news front, but prices struggling to climb higher. Reuters
reported that after Iran refused a direct meeting with the U.S. special envoy, Brent briefly
rose back above $73, with WTI nearing $69.6; however,
TradingEconomics intraday data showed WTI still near
$69, and Brent hovering around $73. In other words,
the stalled talks only temporarily halted the decline in oil prices, but haven't yet
bought back the war premium. What's suppressing oil prices is another set of harder
realities: Hormuz oil flows continue to recover, with Vance stating that oil flows
have returned to pre-war levels, and both Morgan Stanley and a Reuters survey have
lowered their oil price forecasts. What the market is really trading today is the tug-of-war
between "stalled talks" and "returning oil flows."
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