CRUDE WRAP: WTI (H6) SETTLES USD 0.40 LOWER AT USD 63.96/BBL; BRENT (H6) SETTLES USD 0.24 LOWER AT USD 68.80/BBL
The slight decline in WTI and Brent prices suggests a cooling in demand or potential supply constraints impacting sentiment.
US Treasury Secretary Bessent postpones meeting with Finance Republicans, Punchbowl reports
Estee Lauder (EL) reportedly sues Walmart (WMT) for alleged sale of counterfeit beauty products
CRUDE WRAP: WTI (H6) SETTLES USD 0.40 LOWER AT USD 63.96/BBL; BRENT (H6) SETTLES USD 0.24 LOWER AT USD 68.80/BBL
Stellantis (STLA FP/STLA IM) seeks to exit battery venture with Samsung as EV losses mount, Bloomberg reports
White House says Commerce Secretary Lutnick remains a very important member of the team and Trump continues to support him
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This move could signal cautiousness in the energy markets, possibly due to geopolitical concerns or a more pronounced reaction to economic indicators, which may have ripple effects on inflation expectations and currency valuations, especially for commodity-exporting nations.
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