CRUDE WRAP: WTI (H6) SETTLES USD 1.07 HIGHER AT USD 63.21/BBL; BRENT (H6) SETTLES USD 1.03 HIGHER AT USD 67.33/BBL
The significant increases in WTI and Brent crude oil prices suggest a favorable shift in market sentiment, likely driven by supply-side constraints or heightened geopolitical tensions.
Iran's Far News Agency says that an Iranian drone completed a "surveillance mission in international waters" after the US military said it shot down an Iranian drone
NVIDIA (NVDA) CEO says plan to invest in OpenAI on track; denies OpenAI deal rumours "there is no drama", CNBC reports
CRUDE WRAP: WTI (H6) SETTLES USD 1.07 HIGHER AT USD 63.21/BBL; BRENT (H6) SETTLES USD 1.03 HIGHER AT USD 67.33/BBL
Verisk (VRSK) says estimates insured losses for winter storm Fern could reach USD 4bln
US House approves funds to end government shutdown; sends to US President Trump for signing into law
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This move may also reflect broader inflationary pressures, impacting not just energy markets but also influencing expectations across other asset classes such as currencies and equities.
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