WTI oil price fell sharply on Wednesday, losing around $18 in early Asian trading, in reaction to decision of a two-week ceasefire between US/Israel and Iran and re-opening of (not entirely closed) Straight of Hormuz that provided relief. The deal marks the first step toward the long-lasting peace in the region and temporarily neutralized fears […]The post WTI Price Slumps in Immediate Reaction to Middle East Ceasefire Announcement appeared first on ActionForex.