CRUDE WRAP: WTI (H6) SETTLES USD 0.82 HIGHER AT USD 63.21/BBL; BRENT (H6) SETTLES USD 0.83 HIGHER AT USD 68.40/BBL
The slight uptick in WTI and Brent crude prices suggests a modest increase in market optimism or demand driven by recent supply dynamics or geopolitical factors.
Fed Chair Powell (Q&A) says getting through the data distortions from the shutdown, distortions in data is no longer material
Fed Chair Powell (Q&A) says case of Fed’s Cook is perhaps the most important case in the Fed’s legal history
CRUDE WRAP: WTI (H6) SETTLES USD 0.82 HIGHER AT USD 63.21/BBL; BRENT (H6) SETTLES USD 0.83 HIGHER AT USD 68.40/BBL
Fed Chair Powell (post-meeting statement) says US economy is on a firm footing
Motiva restarts large coker at Port Arthur, Texas refinery
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As traders look ahead, this could reflect broader expectations regarding economic activity and its impact on energy consumption, which is important for inflation and market risk sentiment.
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