[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

Crude futures are showing resilience, trimming losses from an initial decline of 2.0% to only -0.5%.

Newsquawk StaffPublished 3 May 2026, 22:44 UTCOn the live feed at 22:24 UTC — 2 more headlines followed before this page went public

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22:34

China is reportedly prodding Iranian officials to negotiate with the US, while also quietly allowing its companies to give Iran commercial support that could help Iran’s military if it goes back into a full-blown war, NYT reports

22:30

The head of the national security commission of the Iranian parliament says any American interference in the new maritime regime of the Strait of Hormuz will be considered a violation of the ceasefire

22:24

[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

22:20

US President Trump posts an image with the caption "I have all the cards"

22:00

[MARKET UPDATE] Futures resume trading with mild optimism as US sent a revised draft agreement to end the war in response to Iran's latest proposal; ES +0.2% (+15 pts), WTI Jun -2.0% (-USD 2.0/bbl), T-note futures +19 ticks, spot gold +0.3% (+USD 12/oz)

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Context

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.

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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