Oil markets traded in an unusual pattern in Tuesday’s early morning session, with Brent crude prices rising while WTI crude fell, a shift from their usual lockstep movements. Brent crude for July delivery gained 3.16% to trade at $99.18 per barrel at 9:00 am ET on Tuesday… With the comparable WTI crude contract falling 4.09% to change hands at $92.65/bbl a day after U.S. strikes in Iran clouded an expected peace deal. Brent tends to react more strongly to Middle East shipping risk because it is tied more closely to seaborne…
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