CRUDE WRAP: WTI (M6) SETTLES USD 2.18 HIGHER AT 89.93/BBL; BRENT (M6) SETTLES USD 1.17 HIGHER AT USD 95.92/BBL
The increase in WTI and Brent crude prices suggests a growing concern over geopolitical tensions, particularly in the Middle East, which could affect supply stability.
Russian President's Special Envoy Dmitriev in the US, meeting members of the Trump admin to discuss Ukraine and economic cooperation, according to reports
At 9:30 PM, the sound of seven to eight powerful explosions was reported in western Tehran, Iran International reports
CRUDE WRAP: WTI (M6) SETTLES USD 2.18 HIGHER AT 89.93/BBL; BRENT (M6) SETTLES USD 1.17 HIGHER AT USD 95.92/BBL
Official source at Saudi Ministry of Energy says operating activities halted at several energy facilities in Saudi Arabia due to recent attacks, Iranian media reports
The Israeli coalition government loses two seats in favour of Bennett and Eisenkot. Overwhelming majority wants to continue fighting Hezbollah, N12 News reports
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The settlement above key thresholds indicates bullish sentiment, potentially leading to higher inflation expectations and influencing energy-related equities and FX markets, especially commodity-linked currencies.
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