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BNO - Oil - A Battle Between U.S. Production And Iran
United States Brent Oil Fund LP ETV
The global economic and geopolitical landscapes are pulling the price of crude oil in opposite directions. The price of the energy commodity dropped from a high at $66.60 on the nearby NYMEX WTI futures contract and $75.59 on Brent futures in late April to lows that are not far below the current price levels. The escalation of the trade dispute between the US and China is weighing on the global economy, which lowers demand for oil. At the same time, the US walked away from the Iran nuclear nonproliferation agreement in 2018 and put new