CRUDE WRAP: WTI (K6) SETTLES USD 18.54 LOWER AT 94.31/BBL; BRENT (N6) SETTLES USD 14.52 LOWER AT 94.75/BBL
The significant drop in both WTI and Brent crude prices indicates a bearish sentiment in the energy markets, likely driven by geopolitical tensions and fluctuating demand dynamics.
Iraqi Airways resuming flights starting next Friday
US Energy Secretary Wright expects gasoline prices to drop within weeks
CRUDE WRAP: WTI (K6) SETTLES USD 18.54 LOWER AT 94.31/BBL; BRENT (N6) SETTLES USD 14.52 LOWER AT 94.75/BBL
Hapag-Lloyd (HLAG GY) tells CNBC's Brian Sullivan that it still doesn't feel safe going through the Strait of Hormuz
Iranian Foreign Minister held phone call with Saudi Arabia counterpart; discussed bilateral relations and regional developments; additional news will be announced later
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This steep decline could impact inflation outlooks and suggest a recalibration of energy stock values, as traders assess the implications for broader market conditions and risk appetite.
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