Oil's war premium sits $20 above JPMorgan fair value, analysts warn
Brent is trading roughly $20 above JPMorgan's fair value estimate, and BMI expects a steep sell-off once a Hormuz deal is reached.
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Brent is trading roughly $20 above JPMorgan's fair value estimate, and BMI expects a steep sell-off once a Hormuz deal is reached.
Brent fell 0.55% to $101.69 and WTI dropped 1.04% to $90.16 after G7 nations agreed to tap 100 million barrels of emergency reserves.

Bitcoin fell under $65,000 as Brent crude topped $100 and Treasury yields climbed amid geopolitical tensions.

BTC fell to $64,980 as Brent crude jumped 7% amid geopolitical risks following tanker attacks.
Brent crude hits $90 amid escalating Iran war, raising Fed rate hike expectations and pressuring Bitcoin.
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