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Oil Extends Gains as Hormuz Deal Remains Elusive: Markets Wrap

Geopolitics & WarEnergy Markets & PricesMarket Technicals & Flows

Oil rose in early Monday trading as investors awaited fresh progress on a deal to reopen the Strait of Hormuz. US equity futures were steady, suggesting limited immediate repricing while the market watches for potential risk-premium developments tied to shipping and supply through the strait.

Analysis

Oil rose in early Monday trading as investors awaited fresh progress on a deal to reopen the Strait of Hormuz. US equity futures were steady, suggesting limited immediate repricing while the market watches for potential risk-premium developments tied to shipping and supply through the strait.

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Market Sentiment

Overall Sentiment

neutral

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