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Brian Sullivan: Oil price to drop sharply when deal is completed

Brian Sullivan: Oil price to drop sharply when deal is completed
Oil price may drop after deal

Brian Sullivan relayed recent comments from the President, who stated that the price of oil will drop significantly when a deal is finalized and suggested it may already be happening.

Sullivan also noted that an interview with the U.S. Energy Secretary is scheduled to air live on CNBC in the coming minutes.

Sullivan previously reported that China is set to buy Russian oil as Russia considers halting natural gas supplies to Europe. He also noted that April oil contracts saw sharp gains due to concentrated options activity. These earlier updates provide context for recent market attention on oil prices.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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