[MARKET UPDATE] Crude pulls back slightly to trade flat intraday (vs ~+0.6% an hour ago); Fixed income futures approach Wednesday highs
Crude oil prices have given up some of their earlier gains and are now trading flat, which suggests that the initial bullish sentiment may be cooling.
French Exports (Mar) 52.5B (Prev. 52B)
Pakistani Foreign Ministry spokesperson, on US-Iran agreement, says "we would expect an agreement sooner rather than later", Pakistani journalist Mallick posts
[MARKET UPDATE] Crude pulls back slightly to trade flat intraday (vs ~+0.6% an hour ago); Fixed income futures approach Wednesday highs
[ANALYSIS] Iranian War Day 69: Iran is expected to respond to the US proposal via mediators on Thursday
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This pullback could indicate a temporary pause in momentum, and traders might be watching for factors like inventory levels or geopolitical developments that could sway the market further. Meanwhile, fixed income futures nearing Wednesday's highs imply ongoing demand for safer assets, potentially reflecting a cautious sentiment in broader markets amidst the energy fluctuations.
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