CRUDE WRAP: WTI (H6) SETTLES USD 1.79 LOWER AT 62.84/BBL; BRENT (J6) SETTLES USD 1.88 LOWER AT 67.52/BBL
The drop in WTI and Brent crude prices reflects market concerns likely tied to geopolitical tensions and macroeconomic factors.
NY Fed says the desk plans to conduct an additional approximately USD 40bln in reserve management purchases and c. USD 13.4bln in reinvestment purchases between February 13th and March 12th
Sysco (SYY) Teamsters vote to authorise strike in Chicago and Montana
CRUDE WRAP: WTI (H6) SETTLES USD 1.79 LOWER AT 62.84/BBL; BRENT (J6) SETTLES USD 1.88 LOWER AT 67.52/BBL
US President Trump reportedly pauses China tech bans ahead of the Xi summit (in fitting with earlier reports)
Mercedes Benz (MBG GY) to recall 11.9k vehicles over a fire risk warning, according to the NHTSA
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As oil prices settle notably lower, this could signal weakening demand or a shift in sentiment that may impact inflation and currency dynamics, particularly against the USD.
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