WS #11488
OPEC+ approved 188,000 bpd increase for August; oil prices ease as Hormuz shipping recovers; bearish for energy, bullish for airlines and consumer discretionary. Large-scale missile and drone attack on Kyiv; Ukraine strikes oil terminals near St. Petersburg; escalation but no new market-moving data beyond the attack. Crude oil jumps as US and Iran agree to halt attacks and resume peace talks in Doha; WTI settles up 2.2% at $70.75; Brent gains 1.6% to $73.15.
OPEC+ output hike and Hormuz recovery
OPEC+ approved 188,000 bpd increase for August; oil prices ease as Hormuz shipping recovers; bearish for energy, bullish for airlines and consumer discretionary.
Large-scale missile and drone attack on Kyiv; Ukraine strikes oil terminals near St. Petersburg; escalation but no new market-moving data beyond the attack.
Crude oil jumps as US and Iran agree to halt attacks and resume peace talks in Doha; WTI settles up 2.2% at $70.75; Brent gains 1.6% to $73.15.