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WTI Falls Below $62 with Eyes on Bessent and Iran Developments

Commodities & Energy

Bill Baruch

·

April 29, 2025

·

Barchart

WTI Crude Oil futures fell yesterday on a macro risk-off morning trade. Markets continue to be cautious about the global growth outlook, which has created a downward drag on risk assets on days with no positive news. Beijing once again denied claims that they are in trade negotiations with the U.S., which helped to drag markets lower on top of an extremely weak Dallas Fed Manufacturing report.

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