Oil Prices Retract From Four-Year High Amid War Fears and Low Liquidity
Oil prices retreated from a four-year high as concerns over a potential U.S.-Iran war and low market liquidity contributed to volatility. Brent crude settled near $114 per barrel after briefly surpassing $126, with thin trading volumes and robot-driven trading influencing price movements. The situation is further complicated by stalled peace negotiations and the strategic importance of the Strait of Hormuz.
Topics: Brent crude commodity trading advisers Iran-US tensions market liquidity oil prices