Canadian Market Might Start Positive

Brent crude futures fell back below $100 per barrel as hopes rose that Iran could reach an agreement with the U.S. and reopen the Strait of Hormuz. The easing in the energy selloff is supporting broader market risk appetite, reflecting reduced near-term supply disruption concerns. The move has immediate implications for oil prices and global market sentiment.

Analysis

Brent crude futures fell back below $100 per barrel as hopes rose that Iran could reach an agreement with the U.S. and reopen the Strait of Hormuz. The easing in the energy selloff is supporting broader market risk appetite, reflecting reduced near-term supply disruption concerns. The move has immediate implications for oil prices and global market sentiment.