[MARKET UPDATE] Crude futures dip with Brent futures falling from USD 67.80/bbl to test USD 67.00/bbl to the downside over two minutes amid several reports suggesting talks will resume (i.e. talks have not broken down) following today's negotiations
Newsquawk Staff ·
Crude futures dip with Brent futures falling from USD 67.80/bbl to test USD 67.00/bbl to the downside over two minutes amid several reports suggesting talks will resume (i.e. talks have not broken down) following today's negotiations.
What it means
Crude oil futures are experiencing a notable dip, with Brent prices retreating below the key USD 67.00 level amidst indications that negotiations are set to resume rather than having broken down completely. This price movement reflects market sensitivity to the potential outcomes of these talks, which could influence supply dynamics and overall market sentiment moving forward.
- [MARKET ANALYSIS] Asia-Pac stocks are higher amid the ongoing tech rebound and record SK Hynix earnings, while participants await central bank decisions
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause
- [MARKET ANALYSIS] Treasury futures retreat with yields underpinned as oil prices rebounded
- [MARKET ANALYSIS] Oil prices rebounded after recent choppy price action amid mixed geopolitical headlines, while an inconclusive Israeli election adds to the uncertainty
- [MARKET UPDATE] Asia-Pac stocks follow suit to the gains on Wall St, where the Nasdaq outperformed as tech stocks continued to shrug off recent AI-related concerns, while participants digest SK Hynix earnings and await the looming central bank decisions
Related headlines
- [MARKET ANALYSIS] UK Budget, 2026: No fireworks from Chancellor Healey, major reform kicked to 2027+, DMO skewed away from the long-end once again30 min ago
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M1 hour ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings1 hour ago
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.1 hour ago
- PREVIEW: BoC Rate Decision and Governor Statement due Wednesday 28th October, 2026 at 13:45GMT/09:45EDT1 hour ago
- Newsquawk US Daily Equity Opening News - SKHY surges after op profit beat; NXPI & STX down after results2 hours ago
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats2 hours ago
- UK Chancellor Healey says budget will be based on fiscal discipline2 hours ago
- US PRE-MARKET MOVERS: SKHY, NXPI, ENPH, APH, GOOGL, HOOD, PPG, VRT, GEV, GEHC, BSX, ETSY, WEN, V2 hours ago
- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler3 hours ago
- UK Budget, 28th October 2026: An uneventful budget expected, but the reaction risks are skewed negative3 hours ago
- Daily US Conference Calendar - 28th October 2026: JNJ, BA, CAT4 hours ago
- GE Vernova Inc. (GEV) Q3 (USD) Revenue 12.6bln (exp. 11.99bln), Adj. EBITDA 1.9bln (exp. 1.69bln). Current FY Rev. 46-5-47.5bln (exp. 46.33bln)5 hours ago
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued 5 hours ago
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC5 hours ago