Oil volatility returns, wood markets take the hit
Oil markets have turned volatile again, and the effects are feeding into timber. Brent crude fell from around $110 to $95 per barrel before recovering towards $100, following signals that talks with Iran could begin. The announcement triggered a sharp sell-off, with prices dropping quickly before stabilising. The market is now questioning whether the move reflects a real easing of geopolitical risk or something more tactical. Some traders are framing it as “TACO” — Trump Always Chickens Out — while others see it as an attempt to calm markets and buy time. During the night ...
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