When the market anticipates peace negotiations beginning, crude oil prices respond immediately—crude that had been around $100 per barrel or higher fell into the low 70s, indicating that expectations of conflict resolution will drive significant price declines.
factualpending
Speaker
Daniel YerginEvidence Quote
“Whenever they think peace is at hand...crude oil which had been about $100 a barrel or more went down as low as into the low low 70s”
Created: 8/12/2026, 6:41:21 PM
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