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Brent oil has went down almost 7-9%- during the day, supported downtrend comes from the geopolitical news about Hormuz straight where Oman and Iran are undergoing negotiations to open the straight. US alos has paused its air strikes since the past Friday in support for the diplomatic endeavors. Nonetheless, prominent threats from Houthy militia in Yemen to strike Saudi facilities and ships, as well as several drone-attacks on Sauid oil facilities today has been reported yet we're intercepted by Sauid forces which reflects mixed signals about the crude oil exports from Saudia.
What do think about Oil direction within the upcoming 2 days?
$XBRUSD