CRUDE WRAP: WTI (H6) SETTLES USD 1.71 HIGHER AT USD 61.07/BBL; BRENT (H6) SETTLES USD 1.82 HIGHER AT USD 65.88/BBL
The WTI and Brent crude prices have settled notably higher, indicating a strong upward momentum in oil markets.
US House China panel's Moolenaar says has questions on TikTok deal
BoE admits inflation bungle; forecasts have "proved repeatedly too low" since 2022, The Telegraph reports
CRUDE WRAP: WTI (H6) SETTLES USD 1.71 HIGHER AT USD 61.07/BBL; BRENT (H6) SETTLES USD 1.82 HIGHER AT USD 65.88/BBL
Ukraine and Russia talks in Abu Dhabi have ended for the day
UK PM Starmer pull Chagos deal after Trump backlash
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This move could suggest renewed demand or potential supply concerns, influenced by geopolitical factors, particularly with attention on regions like Iran. Traders should monitor how this price action interacts with broader economic indicators and any forthcoming data that might impact energy demand and inflation expectations.
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