Brent posts about 14% monthly jump as oil prices rise about $1 a barrel on stalled US-Iran talks
AI Market Summary
Oil rallied on stalled US'Iran talks and tighter US fuel markets, with Brent posting its biggest monthly gain since July, reinforcing inflation concerns. Global bond yields surged in a historically weak month, tightening financial conditions and weighing on equities globally despite a softer US inflation print reducing near-term Fed hike odds. Higher energy and higher-for-longer rates increase cross-asset volatility and pressure risk sentiment.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT+2.21%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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International oil prices rose by about $1 on the day as U.S.-Iran peace talks stalled and U.S. fuel markets tightened. Brent crude gained around 14% over the month, marking its biggest monthly rise since July. In equities, Wall Street finished mixed, with the Dow down 0.86%, the S&P 500 down 0.25% and the Nasdaq up 0.24%. MSCI’s global stock index edged lower, slipping 0.16%.
