Global oil prices top $95 a barrel and log best day in a month despite Trump saying peace talks with Iran have resumed following a pause
Energy
Global oil prices surged past $95 a barrel, marking the best session in a month, despite a social media post from former President Trump claiming peace talks with Iran were resuming. The market's price action indicates traders are dismissing the unofficial de-escalation commentary, focusing instead on current supply tightness and geopolitical risk premiums.
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↑ LONG+5% target-3% stop1-2 weeks
Long oil proxies like USO as the market aggressively buys the commodity, ignoring unsubstantiated de-escalation rumors.