CRUDE WRAP: WTI (K6) SETTLES USD 0.87 HIGHER AT 112.41; BRENT (M6) SETTLES USD 0.74 HIGHER AT 109.77/BBL
WTI and Brent crude prices have increased as geopolitical tensions likely supported the upward move.
Russia allegedly provided Iran with key Israeli energy target list, aiding precise strike planning that could cause major blackouts, Jerusalem Post reports
Amazon (AMZN) says it reaches deal with USPS on package deliveries and deal expected to result in retailer using USPS for more than 1bln annual package deliveries, or 80% of existing business, according to reports
CRUDE WRAP: WTI (K6) SETTLES USD 0.87 HIGHER AT 112.41; BRENT (M6) SETTLES USD 0.74 HIGHER AT 109.77/BBL
IMF's Georgieva says war in Middle East will lead to higher inflation and slower global growth; barring war, IMF had expected small upgrade to growth projections for 3.3% in 2026, instead all roads now lead to higher prices and slower growth
US President Trump says Saudi Arabia, Qatar and UAE have been helpful
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This price rise may reflect supply concerns or investor reactions to global events, which could influence inflation and the strength of commodity-related currencies.
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