A post by @FirstSquawk on X.
OIL FUTURES EXTEND GAINS, BRENT CRUDE UP BY $3 A BARREL ON UNCERTAINTY WITH IRAN, UKRAINE TALKS
@FirstSquawk on X
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Brent crude futures extended gains, rising $3 a barrel as uncertainty surrounding Iran and Ukraine talks unsettled energy markets. The move reflects heightened geopolitical risk premia being priced into oil, with traders focused on the potential for supply disruptions tied to both negotiations. The rally matters because crude benchmarks feed directly into global inflation and input costs across sectors. What to watch next is whether the Iran and Ukraine talks produce concrete outcomes or stall, which would determine if the risk premium holds or unwinds.
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Brent Crude (OIL), Iran, Ukraine
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