[MARKET UPDATE] Crude futures trim opening losses with WTI now -0.5% after falling as much as 2.0% at the open; US equity futures dip (ES flat), DXY and yields rise; newsflow quiet and price action gradual

Context

Crude futures are showing resilience, trimming losses from an initial decline of 2.0% to only -0.5%. This suggests a possible stabilization in oil prices, despite broader market movements including a dip in US equity futures and rises in the DXY and yields. Investors may be looking for cues in upcoming news or economic data as the price action remains gradual amid otherwise quiet newsflow.

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