A beaten-down market is relieved by reports that Iran's leadership has authorized negotiations. The scope remains vague, as always.
Oil −6.8%.
SPX +1.08%, NDX +1.28%, while the front end of the yield curve remains unmoved. Interesting, indeed.
And so is the Strategic Petroleum Reserve (SPR) chart.
Source: EIA weekly inventory statistics, using the last reported week of each month.
#Iran #Oil #Rates #SPX #Risk
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