CRUDE WRAP: WTI (K6) SETTLES USD 0.54 HIGHER AT USD 112.95/BBL; BRENT (M6) SETTLES USD 0.50 LOWER AT USD 109.27/BBL
The settlement prices indicate mixed movements in crude oil markets, with WTI showing a modest gain while Brent faced a slight decline.
"If Trump wants to fall into a hole with his madness, we have prepared a black hole for him from which it will be impossible for him to get out", Tasnim reports citing an Iranian military source
US Transportation Secretary says there is room for mergers in US airline industry, via CNBC interview
CRUDE WRAP: WTI (K6) SETTLES USD 0.54 HIGHER AT USD 112.95/BBL; BRENT (M6) SETTLES USD 0.50 LOWER AT USD 109.27/BBL
Iran's mission to UN expresses appreciation to China and Russia for use of veto on Hormuz resolution in UN Security council
Pimco weighing USD 14bln debt deal for Oracle (ORCL) data center, Bloomberg reports
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This divergence suggests localized factors or geopolitical tensions affecting supply perceptions, particularly in light of tensions involving Iran and Israel. Traders should watch how these developments influence demand sentiment and broader commodity price trends, as they could signal shifts in market dynamics.
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