Futures
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One platform for global traditional assets
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Alpha Points
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Futures Points
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BREAKING: Oil futures extend losses.
U.S. crude drops 5%, down about $5 per barrel.
The move comes as the U.S. allows Iranian oil tankers through the Strait of Hormuz.
Pres. Trump is also in talks with European allies and “many countries in the region” about reopening the key shipping route.
“Oil prices will drop like a rock as soon as it’s over,” Trump added.