[MARKET UPDATE] Crude continues to climb and print fresh highs with gains of c. USD 0.50/bbl, latest bout of action driven by IRGC commentary re. missile stockpiles and readiness
Newsquawk Staff ·
Crude continues to climb and print fresh highs with gains of c. USD 0.50/bbl, latest bout of action driven by IRGC commentary re. missile stockpiles and readiness.
What it means
Crude prices are rising sharply, gaining around USD 0.50 per barrel, likely influenced by recent comments from the IRGC about missile stockpiles and readiness. This geopolitical tension could signal supply risks, elevating concerns over oil stability, which might lead to sustained price support. Traders should watch for further developments that could impact market sentiment and price movements.
- Advanced Micro Devices Inc. (AMD) Q3 2026 (USD): Adj. EPS 2.09 (exp. 1.95), Revenue 13.4bln (exp. 13.1bln)
- Super Micro Computer Inc. (SMCI) Q1 2027 (USD): Adj. EPS 1.81 (exp. 1.20), Revenue 19.9bln (exp. 16.02bln)
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)
- [MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl
- [MARKET UPDATE] US indices slide throughout the US afternoon as tech/AI weakness resumes despite optimism on US/Iran diplomacy; NDX -1.3% with the tech sector -2.6%, but RSP +0.75% and majority of sectors gaining, showing positive breadth
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