CRUDE WRAP: WTI (Q6) SETTLES USD 0.65 LOWER AT USD 73.21/BBL; BRENT (Q6) SETTLES USD 0.82 LOWER AT USD 77.08/BBL
IAEA Director General says we will conduct inspections of nuclear facilities in Iran; believe that inspecting Iranian nuclear facilities ASAP is best
US FX WRAP: Dollar rally marches on in risk-off trade
CRUDE WRAP: WTI (Q6) SETTLES USD 0.65 LOWER AT USD 73.21/BBL; BRENT (Q6) SETTLES USD 0.82 LOWER AT USD 77.08/BBL
US FTC says wireless spectrum auction raises more than USD 3.5bln in proceeds
Reuters/Ipsos Poll: Trump approval falls to 34%, matching lowest level of his second term; 52% of Americans say Iran war not worth costs, 24% say it was
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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.
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