Morning Bid: From panic to patience

Markets are in a holding pattern after wild swings earlier this week as participants await signs that Middle East oil and gas supplies might be freed up. Confirmation of renewed supply would likely ease oil prices and improve equity risk sentiment, while lack of confirmation should sustain elevated volatility and sector-specific moves in energy.

Analysis

Markets are in a holding pattern after wild swings earlier this week as participants await signs that Middle East oil and gas supplies might be freed up. Confirmation of renewed supply would likely ease oil prices and improve equity risk sentiment, while lack of confirmation should sustain elevated volatility and sector-specific moves in energy.