Crude Reverses Higher as Peace Hopes Fade and Deadline Looms

Previous Session & Summary: Yesterday, Crude fell on prior Tuesday headlines that a ceasefire and 15 point peace plan had been sent to Iran. Yesterday, despite Iran publicly stating throughout the day that a peace plan was not viable, futures were weighed by the idea of peace. Overnight Summary &...2 pumpjacks at sunset by vadimrysev via iStock