The rebound followed a sharp selloff on Monday, when oil prices tumbled nearly 5% to their lowest closing level since March 4. The decline came after U.S. President Donald Trump announced that a memorandum of understanding had been agreed to end the U.S.-Israeli war with Iran.
Crude oil prices rebounded on June 16 after a sharp 5% plunge earlier in the week. The initial decline was triggered by reports of a potential US-Iran peace deal, causing oil prices to fall to their lowest since March 4. Traders are now keenly awaiting further details on the…
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