Crude Oil Descends Quickly After Iran Fears Are Mitigated
January 08, 2020 at 14:09 PM EST
WTI crude oil climbed nearly $3 a barrel on Wednesday to reach $65.50 before falling off dramatically after concerns over the Iran counterattack eased. Oil is trading below $60 a barrel, while stocks have once again approached all-time highs. The sensitive commodity spiked and then recoiled...