Crude Oil price

[Dona Ferentes]

WTI, ..Brent's not far behind.

• Brent oil -3.7% to $US61.85 a barrel

Neom is going to falter
Russian war effort is going to falter (shadow fleet going for US$50/ bbl)

And a bit of a rebound, still in the middle 60s band, but on 16 May

Oil prices fell sharply as President Trump signalled the US is close to securing a nuclear deal with Iran. Brent crude closed at US$64.66, while WTI dropped to US$61.75 — both down around 2.2%. An agreement could open the door to significantly more Iranian oil exports, deepening a potential supply glut.