Brent crude briefly falls below $90 as hopes of diplomatic breakthroughs in Iran and Ukraine accelerate the oil market selloff. Crude Says Peace, Tanker Rates Say Not So Fast - Crude oil prices have plunged by almost $30 per barrel since the US midterm elections, however, stubbornly high freight rates in the Gulf suggest not every segment of the oil markets deems the US-Iran war to be ‘effectively over’.     - The cost of chartering a VLCC for a voyage from the Persian Gulf to China has dipped only marginally over the…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.