On Monday, U.S. President Donald Trump announced that the U.S. would refrain from attacking Iranian energy targets for five days. The announcement was followed by a sharp drop in the price of crude oil, which had been driven higher during the conflict with Iran.
On Tuesday night, Swedish time, the oil price changed direction once again. North Sea oil (Brent) rose to just over $103 per barrel in futures trading for May. U.S. WTI rose to just over $91 per barrel.
The oil price was around $70 per barrel before the U.S. and Israel's attack on Iran at the end of February.
What do you think?