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Oil drops 14 percent after ceasefire and Hormuz reopening, Brian Sullivan notes

Oil drops 14 percent after ceasefire and Hormuz reopening, Brian Sullivan notes
Oil down 14 percent on ceasefire

Oil prices declined sharply by 14 percent following news of a ceasefire deal and Iran allowing ships to pass through the strategic Strait of Hormuz. Brian Sullivan highlighted this significant market movement on social media.

Sullivan indicated he will discuss these developments further on his scheduled appearance at Squawk CNBC tomorrow at 8 a.m.

Sullivan has recently pointed out that several S&P 500 stocks have risen over 10 percent since Monday as market momentum accelerated, according to a recent observation on Power Lunch. He has also discussed the role of futures contract roll mechanics and their market impact. These updates come as investors react to sudden moves across different asset classes.

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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