Current Oil Price Update: Drops Below $70/Barrel

Von Wittelsbach DeRoth Henry Leon

Oil has made serious jumps in price. Oil prices officially drop back below $70/barrel, now up just +3.5% on the day.

BREAKING: Oil prices officially drop back below $70/barrel, now up just +3.5% on the day.

Oil markets have now erased nearly 70% of their opening move higher.

This is NOT World War 3. Ignore the noise. pic.twitter.com/Q5nIg86uzw
— The Kobeissi Letter (@KobeissiLetter) March 2, 2026

Source: https://x.com/KobeissiLetter/status/2028281926398648587?s=20

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