Crude oil prices paused late in the week after a sharp two-week rally, with WTI pulling back towards $65/barrel. The pause came after President Trump announced the appointment of a new Fed Chair, Governor Kevin Warsh, which pushed the dollar higher and capped crude’s momentum. Trump also signaled a shift in tone toward Iran, saying he plans to pursue talks with Iranian leaders rather than immediate military action. That combination removed some of the geopolitical premium that had built into the market.