[MARKET UPDATE] Crude prices see upticks in recent trade despite a lack of fresh factors, although the Iranian Foreign Ministry spokesperson recently rebuffed Trump's claims of Iran's ceasefire request
Crude prices are experiencing upward movement even amidst a lack of new catalysts, suggesting underlying strength in the market.
Emirates Global Aluminium has halted smelter use after Iran strike, Bloomberg reports citing sources
US VP Vance has reportedly been speaking with intermediaries about the Iran conflict as recently as Tuesday, Reuters sources say
[MARKET UPDATE] Crude prices see upticks in recent trade despite a lack of fresh factors, although the Iranian Foreign Ministry spokesperson recently rebuffed Trump's claims of Iran's ceasefire request
US EIA Gasoline Production Change (Mar/27) -0.152M (Prev. 0.309M)
US EIA Heating Oil Stocks Change (Mar/27) -0.809M
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- Note, around the time the Iranian Foreign Ministry spokesperson's comments did the rounds, reports of the earlier Al Jazeera interview with the Iranian Foreign Minister Aragchi were also re-run and picked up by some wires.
The Iranian Foreign Ministry's dismissal of Trump's claims regarding a ceasefire could impact geopolitical tensions, which historically influence oil prices. Traders should monitor how this narrative unfolds, as escalating tensions may lead to increased volatility in crude and related assets.
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