CRUDE WRAP: WTI (M6) SETTLES USD 0.35 LOWER AT 89.58/BBL; BRENT (M6) SETTLES USD 0.72 LOWER AT USD 95.20/BBL
The decline in WTI and Brent crude prices suggests a cooling demand outlook amidst ongoing geopolitical tensions, particularly involving Russia and Ukraine.
Israel will announce its commitment to the ceasefire at 4:00 am Beirut time to pave the way for Lebanon to be included in the ceasefire, Fars reports, citing You News, citing sources;
US state department says US urges Beijing to cease military, diplomatic and economic pressure against Taiwan; Meaningful exchanges should focus on dialogue between Beijing and Taiwan's democratically elected authorities without precondition
CRUDE WRAP: WTI (M6) SETTLES USD 0.35 LOWER AT 89.58/BBL; BRENT (M6) SETTLES USD 0.72 LOWER AT USD 95.20/BBL
Israeli and Lebanese ambassadors were scheduled to speak by phone on Friday in the presence of US officials, NYT reports, citing sources
WSJ's Norman says "There is no way Iran and the US are going to resolve the issues around Hormuz, nuclear, missiles etc in the next 2 weeks. But it doesn't need to happen. What needs to happen is enough to trigger mutually agreed extension of talks"
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This movement may reflect market concerns about supply stability and could impact inflation expectations and energy equities. Traders should watch for further developments that may affect supply dynamics, particularly any substantial shifts in geopolitical conditions.
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