[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. 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.