Oil's bonkers week saw a 'stunning' collapse after spiking on the Trump-Iran turmoil

Reuters / Brendan McDermid Oil this week briefly jumped to $70 a barrel, then on Wednesday sharply dropped to the mid-$60s level. "The one-day collapse in Brent crude oil by half a big handle was quite stunning," says one analyst. "There has been an abrupt reversal in risk appetite after Donald Trump's measured respond to the Iranian strikes," says another analyst. Watch Brent crude oil trade live here. Watch WTI trade live here. Oil traders have had a heck of a 2020 so far. After soaring, reach...