CRUDE WRAP: WTI (G6) SETTLES USD 2.83 LOWER AT 59.19/BBL; BRENT (H6) SETTLES USD 2.76 LOWER AT USD 63.76/BBL
WTI and Brent crude prices have settled significantly lower today, suggesting a bearish sentiment in the energy market, potentially driven by geopolitical tensions and demand concerns.
TREASURY WRAP: T-NOTE FUTURES (H5) SETTLE 8 TICKS LOWER AT 112-07
US Energy Secretary Wright says US is getting a 30% higher price for Venezuelan oil than three weeks ago; Venezuela's oil production will drive the price of oil down
CRUDE WRAP: WTI (G6) SETTLES USD 2.83 LOWER AT 59.19/BBL; BRENT (H6) SETTLES USD 2.76 LOWER AT USD 63.76/BBL
US Commerce Secretary Lutnick says not concerned that China trade talks will be derailed by Taiwan trade deal or tariffs on goods from countries doing business with Iran
US January PCE and Personal income report rescheduled for March 13th; February PCE and Personal income report rescheduled for April 9th
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The decreased prices could impact inflation expectations and may influence USD dynamics, particularly given the global economic backdrop involving key regions like the U.S. and Europe.
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