[MARKET ANALYSIS] Crude pares back some of Thursday's gains as Trump cancels a second wave of attacks in Venezuela
Crude oil prices are retreating after Thursday's gains, primarily influenced by President Trump's cancellation of a planned second wave of attacks in Venezuela, which markets may interpret as a move towards geopolitical stability.
EU Foreign Representative Kallas says member nations must "dig deeper into their air-defence stocks and deliver now." and further raise the cost of the war for Russia, via tougher sanctions
Indonesian Car Sales YoY (Dec) Y/Y 25.7% vs. Exp. 1.9% (Prev. -0.8% )
[MARKET ANALYSIS] Crude pares back some of Thursday's gains as Trump cancels a second wave of attacks in Venezuela
[MARKET ANALYSIS] DXY gains edges higher ahead of NFP, while JPY lags
Rio Tinto (RIO LN) is reportedly said to be open to owning coal if it purchases Glencore (GLEN LN), via Bloomberg
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- Following Thursday’s bid higher, which saw WTI Feb return above USD 58/bbl and Brent Mar briefly topping beyond USD 62/bbl, benchmarks have fallen back lower at the start of Friday’s European session.
- The pullback comes amid a firmer USD heading into NFP, also aided slightly following a Truth Social post by President Trump stating that a second wave of attacks in Venezuela have been cancelled and that at least USD 100bln will be invested in big oil.
- WTI and Brent extended the lower bound of APAC’s USD 0.55/bbl range to trough at USD 57.62/bbl and USD 61.83/bbl respectively before rebounding to USD 58/bbl and USD 62.20/bbl.
This shift, coupled with a firmer dollar ahead of key economic data, suggests that investor sentiment is weighing potential risks against current oil supply scenarios; further price action could reflect ongoing geopolitical developments and their implications for global oil markets.
Related headlines
- US EQUITY OPEN: US indices reverse initial CPI losses2 days ago
- Newsquawk European Market Wrap - 11th September 20262 days ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th2 days ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL1 day ago
- Russian senior diplomat Ushakov says President Putin and Indian PM Modi discussed Ukraine during talks in New Delhi2 days ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources2 days ago
- US President Trump reiterates that Iran will never possess a nuclear weapon2 days ago
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets1 day ago
- US President Trump reiterates USD 5k payment to all US adults will happen 1 day ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC1 day ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran2 days ago
- Germany is developing a pharmaceutical pricing proposal for the Trump administration in an effort to avert potential US tariffs on German goods, reports Politico citing sources2 days ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open2 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+1 day ago
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print1 day ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan1 day ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- Newsquawk Weekly Economic Calendar - 13th-18th September 20262 days ago
- JPMorgan revises Fed forecast and now sees hikes in September and December2 days ago
- Iran has reportedly launched drones towards ships in the Strait of Hormuz, reports Israel Channel 121 day ago
The whole workspace, free to try.
Try it free