CRUDE WRAP: WTI (J6) SETTLES USD 3.87 HIGHER AT 94.77/BBL; BRENT (K6) SETTLES USD 6.27 HIGHER AT 98.96/BBL
The significant rise in WTI and Brent crude prices indicates heightened demand or supply concerns in the oil market, likely influenced by geopolitical factors.
Apple has postponed the launch of its Smart home display as it waits for new AI capabilities, Bloomberg reports; Apple is now planning to launch the Smart display later this year once updated AI features are ready
US CBO estimates US February budget balance of USD 308bln (prev. 94bln).
CRUDE WRAP: WTI (J6) SETTLES USD 3.87 HIGHER AT 94.77/BBL; BRENT (K6) SETTLES USD 6.27 HIGHER AT 98.96/BBL
Oil flows from northern Iraq’s Kirkuk fields to Turkey’s Ceyhan export terminal have dropped sharply following a wave of drone attacks targeting energy infrastructure in the region, via Kpler
Commander of Iran's Aerospace force says from now on, missiles with warheads lighter than one tonne will not be launched and the frequency and scope of the launches will increase, and their range will become wider, according to state media
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This increase may suggest inflationary pressures, impacting the broader economy and potentially influencing central bank policies on interest rates. Watch for reactions in related markets, such as equities and currencies, especially those linked to energy production.
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