CRUDE WRAP: WTI (M6) SETTLES USD 2.52 HIGHER AT 92.13/BBL; BRENT (M6) SETTLES USD 3.00 HIGHER AT 98.48/BBL
The significant rise in WTI and Brent crude prices indicates a potentially strong market response to ongoing geopolitical developments or supply constraints.
Pakistani source says It is too early to talk about the failure of the second round of negotiations. We have not received any apology from either the American or Iranian side for not participating; via Al Hadath
Kpler's Bakr says "Brace for impact everywhere… no signs of a breakthrough talks wise"
CRUDE WRAP: WTI (M6) SETTLES USD 2.52 HIGHER AT 92.13/BBL; BRENT (M6) SETTLES USD 3.00 HIGHER AT 98.48/BBL
Commander of IRGC Aerospace Force warns gulf Arab states against using enemy facilities to attack Iran, says they would have to say goodbye to oil production, via Mehr News
Fed's Waller says two models for further evolution of Fed regional bank system is worth considering
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This upward movement could signal inflationary pressures, impacting broader market sentiment and affecting related markets, including currencies and equities. Traders should monitor how these trends might influence central bank policy and future economic forecasts.
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