Crude oil is trading lower and back below its 100 hour moving average at $71.65

Crude oil has fallen to new session lows despite escalating tensions in the Middle East. Earlier today, President Trump posted on Truth Social that the cease-fire was "over," briefly sending prices to the session high of $73.16. However, that geopolitical premium quickly faded as sellers regained control. The decline has now pushed crude back below its 100-…

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