[MARKET UPDATE] Downside across crude continues despite a lack of fresh drivers; Brent Jul'26 fell from USD 104.80/bbl to USD 104/bbl over 30 minutes; equities grind higher as a result
Context
Crude prices are trending down, with Brent crude slipping from $104.80 to $104 per barrel, indicating weak demand or potential oversupply despite no new catalysts driving the decline. This price action may signal a shift in market sentiment that could impact inflation expectations and risk appetite, leading equities to grind higher as investors seek alternative gains amidst commodity weaknesses.
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