Oil prices fell after Israel’s attack on Iran, with Brent crude futures dropping 5% to $71.99 a barrel before rebounding to $72.82 and West Texas Intermediate falling 4.4% to $68.63. Iran’s supreme leader signaled a measured response, easing fears of a full-blown war, while analysts suggest the focus is shifting towards oversupply risks in 2025 as Opec members plan production cuts. Despite tensions, the geopolitical risk premium in oil prices remains limited due to high spare capacity and minimal impact on regional oil supply.
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What Is the Highest Apple Stock Has Ever Been?
Apple (NASDAQ: AAPL) hit an all-time high of $260.10 per share on December 26, 2024, but has since declined to around $228, reflecting a drop of over 12%. Meanwhile, the S&P 500 has risen by 7%, indicating that Apple has significantly underperformed compared to the broader market since its peak. Want More Context? 🔎
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