US Commerce Secretary Lutnick says not concerned that China trade talks will be derailed by Taiwan trade deal or tariffs on goods from countries doing business with Iran
Commerce Secretary Lutnick's statement suggests a stable outlook for US-China trade relations despite concerns surrounding Taiwan and ongoing tariffs affecting Iran.
US Energy Secretary Wright says US is getting a 30% higher price for Venezuelan oil than three weeks ago; Venezuela's oil production will drive the price of oil down
CRUDE WRAP: WTI (G6) SETTLES USD 2.83 LOWER AT 59.19/BBL; BRENT (H6) SETTLES USD 2.76 LOWER AT USD 63.76/BBL
US Commerce Secretary Lutnick says not concerned that China trade talks will be derailed by Taiwan trade deal or tariffs on goods from countries doing business with Iran
US January PCE and Personal income report rescheduled for March 13th; February PCE and Personal income report rescheduled for April 9th
Fed's Schmid (2028 voter) says full employment likely between 3.5-4.5%
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This could alleviate short-term market anxieties, potentially supporting the USD while maintaining a cautious risk appetite in commodities and forex. Watch for any shifts in market sentiment as traders digest broader geopolitical implications.
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