Oil Prices Rebound 2% to $106.84 Amid Supply Risks
December Brent crude futures rose 2% to $106.84 a barrel Monday as traders weighed prospects for increased Russian diesel supplies and a potential Russia-Ukraine energy ceasefire.
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December Brent crude futures rose 2% to $106.84 a barrel Monday as traders weighed prospects for increased Russian diesel supplies and a potential Russia-Ukraine energy ceasefire.
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI