Markets react positively to recent oil price drop: Gary Booysen

Oil prices dropped more than 2% overnight, fueled by renewed optimism over a potential US-Iran peace deal.

Brent Crude traded at $88 per barrel in early morning trade.

​This follows comments by US President Donald Trump, who indicated that Washington has reached a framework agreement with Tehran, a development that could signal an end to recent Middle East hostilities.

​Rand Swiss Portfolio Manager Gary Booysen says markets are reacting positively to the latest signals coming out of the region.

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