Investing.com -- Crude oil prices tumbled Friday
after Wall Street Journal reported Saudi agreed to ceasefire in Yemen
news reduce risk of further military action by Saudi
U.S. WTI crude futures fall to $55.66 barrel compared to $56.44 barrel before
Brent crude oil futures fall to $61.24 a barrel, from $62.58 before
My comments : This is a very good thing. It means Yemenis will stop getting killed by Saudi bombing.
Most certainly the world oil prices are tumbling again.
I have a feeling that Rouhanie Hassan may have told Angela Merkel, Macron and Boris Johnson that the Houthis are indeed going to take out Abu Dhabi (which the Houthis promised) or something which will kill the remaining oil supplies and send oil prices shooting up. That may have prompted the EU and the US to tell the Saudis to cool it.
If Iran gets to pump oil again, the oil prices will drop even more.
So nothing has been achieved by the Saudis other than killing 100,000 people.
Never mind. Stopping the destruction of human life is much more urgent.
There should be reparations.
Also who loses their head. That will certainly come up.
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