Oil and stocks whipsaw on hopes of an end to Iran war
Crude oil prices pulled back sharply after brushing $120 per barrel earlier on Monday. After staying around $100 dollars for most of the day, both Brent and WTI benchmarks reversed course on comments from Donald Trump suggesting that the end was near for the US - Israeli war on Iran. As Gulf countries started cutting production amid a rapid decrease in available storage space, consumers have already started seeing rising fuel prices.
