CRUDE WRAP: WTI (G6) SETTLES USD 1.36 HIGHER AT 59.12/BBL; BRENT (H6) SETTLES USD 1.35 HIGHER AT USD 63.34/BBL
WTI and Brent crude oil prices settled significantly higher, with WTI up $1.36 to $59.12 and Brent up $1.35 to $63.34.
Ukraine President Zelensky says US President Trump should enter a free trade deal with Ukraine
Stat News' Adam Feuerstein says Revolution Medicines (RVMD) CEO just cancelled a scheduled meeting with him; co. is also scheduled to present at the JPM26 conference on Monday morning, he assumes that is also cancelled but does not have confirmation
CRUDE WRAP: WTI (G6) SETTLES USD 1.36 HIGHER AT 59.12/BBL; BRENT (H6) SETTLES USD 1.35 HIGHER AT USD 63.34/BBL
CBO estimates USD December Budget deficit at USD 143bln
Fed's Barkin (2027 voter) says it may take until April for inflation data to be fully caught up
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This increase suggests strong demand or potential supply constraints, possibly influenced by geopolitical factors such as tensions related to Iran or trade developments. Traders should consider how this price move might impact inflation expectations and currency dynamics, particularly for oil-linked currencies.
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