[MARKET UPDATE] Crude complex climbs to session highs without a clear driver, Brent vaults USD 113/bbl, DXY muted, Bourses tilt lower

The rise in the crude complex, with Brent exceeding USD 113/bbl, suggests a tightening supply dynamic or increased geopolitical concerns, despite the absence of a specific driver.

Newsquawk StaffPublished 29 Apr 2026, 08:02 UTCOn the live feed at 07:42 UTC — 20 more headlines followed before this page went public

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LG Electronics (066570 KS) said to be working with NVIDIA (NVDA) on humanoid robots, according to reports

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07:42

[MARKET UPDATE] Crude complex climbs to session highs without a clear driver, Brent vaults USD 113/bbl, DXY muted, Bourses tilt lower

07:39

Mercedes-Benz (MBG GY) CFO says that tariff effect on cars margin in Q1 was 100bps (exp. 150bps), thanks to relief from refund claim

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Context

The muted performance of the DXY indicates that currency moves may not be influencing oil prices significantly at this moment. The overall decline in European bourses adds to the risk-off sentiment, which could be supporting safe-haven inflows into commodities like oil.

All markets · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

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