[MARKET UPDATE] Energy benchmarks remain well into the red, but continue to climb off lows with influence from reports over the last 45 minutes

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CPC oil exports 6.314mln MT in April, +5% M/M, according to sources

Iranian Foreign Ministry Spokesperson Baghaei says many of the details reported on the US-Iran negotiations are a combination of speculation or leaks. Adds, that what is clear is that the 14 point MOU is focused on ending the war.

[MARKET UPDATE] Energy benchmarks remain well into the red, but continue to climb off lows with influence from reports over the last 45 minutes

Iranian Foreign Ministry Spokesperson Baghaei says there is currently no need to hold an in-person meeting between Iran and the US, such a meeting could occur, if deemed necessary.

Draft MOU terms between the US and Iran, pending Iranian approval, according to CBS include: 60-day ceasefire extension, Hormuz opening immediately & back to pre-war conditions within 30 days, Iran not developing nuclear weapons, [CONT. IN BODY]

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  • WTI last at USD 91.70/bbl, lower by USD 4.80/bbl on the day, vs a session trough of USD 90.32/bbl.

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