Global oil expert and CEO-Australia, Trading.com Peter McGuire told Times Now Digital, “crude continues to sell off and Brent now trades sub $79/barrel in Asia today. The mood is certainly bearish as demonstrated over the past few sessions and traders are expecting more news regarding the Hormuz situation from all stakeholders. It’s too early to tell if this is just another short lived episode and selloff or the situation itself is coming to an end. Time will tell and market volatility remains the name of the game.”
