Brisbane Times · general
Why Trump may have changed the world’s oil markets forever
2 hours ago
On April 8, 2026, Donald Trump announced a ceasefire in Iran, causing oil prices to plunge as U.S. West Texas Intermediate (WTI) traded above Brent for the first time in over a decade. This inversion, with WTI prices over $3 a barrel higher than Brent, reflects reduced global supply amid ongoing geopolitical tensions and rising demand for American.
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Summary by Glance · Original reporting by Brisbane Times
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