CRUDE WRAP: WTI (M6) SETTLES USD 5.76 HIGHER AT 89.61/BBL; BRENT (M6) SETTLES USD 5.10 HIGHER AT 95.48/BBL
The sharp increase in WTI and Brent crude prices reflects market reactions to geopolitical tensions and potential supply concerns.
Japanese government is planning to invest JPY 1trln (USD 6.3bln) through the end of the decade to develop facilities and technology capable of recycling critical minerals and plastics from waste, according to Nikkei
RTX Corp (RTX) affirms FY26 CapEx guidance of USD 3.1bln
CRUDE WRAP: WTI (M6) SETTLES USD 5.76 HIGHER AT 89.61/BBL; BRENT (M6) SETTLES USD 5.10 HIGHER AT 95.48/BBL
US President Trump says Iranian leadership has forced hundreds of ships towards the US, mostly Texas, Louisiana and Alaska, to get their oil
Tehran has made its participation in new talks with Washington in Islamabad conditional on lifting the US naval blockade, via Mehr News
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This significant rise could indicate stronger demand or decreased supply expectations, likely fueling inflationary pressures and influencing energy-related equities and currencies linked to oil exports. Traders should be aware of the potential for volatility in energy markets as these factors evolve.
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