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Crude Oil Falls as U.S.-Iran Peace Hopes Rise, JPM Lowers FY26 Net Income Forecast
Description
Markets are pricing for brighter days ahead, according to Kevin Green. While he's skeptical of the recent rally, he finds the strength backing it impressive. KG analyzes the futures into Tuesday's opening bell and crude oil's dip hitting as low as $95 overnight. However, be mindful of oil demand once concerns around the Strait of Hormuz subsides. JPMorgan Chase (JPM) earnings and a forecast for lower 2026 net income also caught KG's attention.
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