Did Ukraine-Russia Talks "Hope" Spark Crude Oil Selling?

Tyler Durden's picture

Crude oil prices dropped after earlier macro data but fell more aggressively around 1130ET. Desks are scrambling for reasons for the heavy volume selling pressure though some have noted that suggestions by Ukraine's newly elected president will meet with Putin were responsible for some 'war premium' being lifted. WTI and Brent both fell at the same time... The selling appears orderly - not machines-gone-wild...