US Pre-Market: US and Iran May Be Close to a Deal, Oil Prices Drop Below $100, US Stocks and Precious Metals Rise, Japan and South Korea Stocks Hit New Highs
Source Tradingkey
TradingKey - Pre-market on Thursday, May 7, the three major U.S. stock index futures edged higher. As tensions between the U.S. and Iran eased, international crude oil futures fell below $100 intraday. WTI crude dropped to around $91, while Brent crude fell to near $98, with both posting declines of more than 3%.
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West Texas Intermediate (WTI) trades around $101.10 on Tuesday, down 1.26% at the time of writing, after posting strong gains the previous day amid escalating geopolitical tensions in the Middle East.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.25 during the early Asian trading hours on Thursday. The WTI price declines on optimism over a possible deal to end the war with Iran.
