Newsquawk Logo

CRUDE WRAP: WTI (Q6) SETTLES USD 0.65 LOWER AT USD 73.21/BBL

Importance
Level 1

The crude complex was choppy on Tuesday, to ultimately settle lower as US/Iran remained in focus, but absent of many market-moving headlines. Still, one of the areas of public disagreement is the nuclear inspections, as Iran's Foreign Ministry Spokesperson remarked Iran has no plans to let IAEA inspectors visit nuclear sites targeted in the conflict, while Trump said Iran has fully and completely agreed to highest level nuclear inspections long into the future; the US President added if they did not agree to this, there would be no further negotiations. Further on the Middle East war, Israeli PM Netanyahu noted, "the battle with Iran and its proxies is not over yet". One of the main oil moves on Tuesday, which sparked upside, was comments from Russian Deputy PM Novak, who said they have delayed maintenance activity of oil refineries, and that they are considering a complete ban on diesel exports from Russia. After-hours attention is on the weekly private inventory metrics.

#UNITED STATES#USD#EUR#IRAN#ISRAEL#JAPAN#JPY#RUSSIAN FEDERATION#UNITED KINGDOM#GBP#ASIA#EUROPE#GEOPOLITICAL#FOREX#EQUITIES#ENERGY#METALS#US SESSION#HIGHLIGHTED#WTI#BRENT#COMMODITIES#NATURAL GAS#RESEARCH SHEET#GOLD#SILVER#METALS & MINING#MATERIALS (GROUP)#BRENT CRUDE#DXY#TRUMP#ENERGY & POWER
Published: Updated: