CRUDE WRAP: WTI (G6) SETTLES USD 1.19 LOWER AT 57.13/BBL; BRENT (H6) SETTLES USD 1.06 LOWER AT 60.70/BBL
The decline in WTI and Brent prices by over a dollar suggests a bearish sentiment in the crude oil market.
NVIDIA (NVDA) CEO expects to learn of Chinese regulatory approval of H200 shipments to China through purchase orders from customers
Valero's (VLO) Houston refinery (255k BPD) reports a damaged natgas line with emergency response teams and Houston fire department on site
CRUDE WRAP: WTI (G6) SETTLES USD 1.19 LOWER AT 57.13/BBL; BRENT (H6) SETTLES USD 1.06 LOWER AT 60.70/BBL
US and Venezuela reportedly in talks to send Venezuelan crude exports to the US, according to reports
Brazil Senator Flavio Bolsonaro rules out an exit from the Presidential race, according to a Radio Interview
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This drop could stem from a combination of supply concerns and weakening demand signals, which typically impact inflation expectations and related commodity currencies significantly.
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