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Crude Tumbles On Iran "Deal" Headlines

Despite the "deal" having absolutely no content whatsoever... the headlines:

  • IRAN OIL, BANK SANCTIONS WILL BE LIFTED ONCE DEAL IMPLEMENTED

...are enough to send the algos scrambling and spark weakness across the crude complex (even though this 'news' is stating what will/may/could/won't happen after June 30th).

 

WTI Tanking...

 

Brent unwinds it all...

 

 

Charts: Bloomberg