• Daily market updates

• #Commodities

Oil falls as Middle East tensions ease

Mega-deals surge as markets anticipate monetary policy shifts

Oil prices fell today as geopolitical pressures in the Middle East eased and OPEC+ supply expectations increased, while investors continued to focus on upcoming changes in US fiscal policy. The main reason: De-escalation of tensions in the Middle East and the expected increase in OPEC+ production in August have eased supply concerns.

 Its impact on trading:

Oil: witnessed a moderate decline.

Stocks: Global market indices rose while pressure on Treasury bonds intensified.

The dollar: declined slightly after declining demand for it as a safe haven.

- Source: Reuters

 To open live account click here