CRUDE WRAP: WTI (K6) SETTLES USD 1.26 LOWER AT 100.12/BBL; BRENT (M6) SETTLES USD 2.87 LOWER AT USD 101.16/BBL
The settlement of WTI and Brent crude oil at lower levels indicates a bearish sentiment in the crude oil market, likely influenced by geopolitical factors involving Iran and Israel.
US military has given the president a plan to seize nearly 1k lbs of highly enriched uranium in Iran that would involve flying in excavation equipment and building a runway for cargo planes to take the radioactive material out, WaPo reports citing sources
TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 2 TICKS LOWER AT 110-31+
CRUDE WRAP: WTI (K6) SETTLES USD 1.26 LOWER AT 100.12/BBL; BRENT (M6) SETTLES USD 2.87 LOWER AT USD 101.16/BBL
FBI declares suspected Chinese hack of US surveillance system a "major cyber incident", Politico reports
Iranian President Pezeshkian in an open letter to Americans, questioning whether Washington is truly putting “America First” or merely acting as a “proxy for Israel” willing to fight “to the last American soldier.”
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This decline could impact broader market sentiment and inflation expectations, especially as energy prices play a significant role in overall economic conditions.
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