⛏Brent Crude Oil Futures
BRENT
▼ NegativeGeopoliticsrelevance
Brent falls as geopolitical premium unwinds.
The yield on the 10-year US Treasury note fell below 4.7% today, driven by a sharp drop in oil prices. As of 8:00 p.m. Thailand time, the 10-year yield stood at 4.680%, while the 30-year yield was at 5.219%. Brent crude oil slipped below $84 per barrel and WTI crude fell below $80 after President Donald Trump announced the cancellation of planned strikes on Iran, easing investor concerns over the situation in the Middle East.
Brent falls as geopolitical premium unwinds.
Cancellation of strikes on Iran reduces supply disruption risk, lowering oil prices.
Oil price plunge and easing Middle East tensions reduce inflation expectations, driving Treasury yields down.
Same factors push long-term yields lower.