As the market shifts its focus to hopes for an end to the US-Iran conflict and the reopening of the Strait of Hormuz agreement, crude oil futures extend their losses.

老虎证券2026/05/20 16:56

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BOK Financial analyst Dennis Kissler stated that although last week's significant decline in U.S. crude inventories should have been bullish for oil prices, oil prices continued to fall. "This tells me that some kind of negotiation is likely underway." "The market is anticipating some sort of agreement being reached."

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As the market shifts its focus to hopes for an end to the US-Iran conflict and the reopening of the Strait of Hormuz agreement, crude oil futures extend their losses.

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