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CRUDE WRAP: WTI (J6) SETTLES USD 1.24 HIGHER AT USD 66.43/BBL; BRENT (J6) SETTLES USD 1.31 AT USD 71.66/BBL

WTI and Brent crude oil prices rose significantly, with WTI up $1.24 and Brent up $1.31 per barrel, reflecting a notable surge in energy markets.

Newsquawk StaffPublished On the live feed at — 3 more headlines followed before this page went public
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US Senate Banking Committee to hold hearing with Fed's Vice Chair of Supervision and FDIC's Hill on February 26th

[MARKET UPDATE] Stocks see downside and Dollar gains as Miran now sees a less accommodative rate path, and "only" 100bps of cuts now this year vs 150bps in his December SEP; in summary, more hawkish remarks from the ultra dove Miran

CRUDE WRAP: WTI (J6) SETTLES USD 1.24 HIGHER AT USD 66.43/BBL; BRENT (J6) SETTLES USD 1.31 AT USD 71.66/BBL

Fed's Miran (voter) now sees a less accommodative rate path, according to an interview in The Peg; he would reverse his Dec. shift toward easier policy if he is still at the Fed by the March meeting, citing firmer labour data and renewed goods inflation

Trump appears ready to attack Iran as US strike force takes shape, Washington Post reports

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Context

This increase may be linked to geopolitical tensions or supply-demand dynamics, which could impact inflation expectations and the overall economic outlook. Traders should monitor further developments in these areas, as they could influence price trends in related assets.

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