Crude futures are hovering around neutral levels in Asia-Pac trade, holding Thursday's gains. WTI is down $0.26 from settlement levels at $71.64, Brent is down $0.29 at $73.50; both benchmarks are on track to post weekly gains after recovering from an 8-week low. Both WTI and Brent crude futures traded constructively Thursday, adding to the recovery from the week's low and remaining on course for 10% gains. Gains came despite the more mixed performance from equity markets as traders took the view that OPEC+'s recent agreement will likely fail to meet the demand from a tighter market throughout H2 this year, helping boost and steepen the front-end of the futures curve.

EM Bullet Homepage Fixed Income News Commodities Bullet Markets Emerging Markets News Foreign Exchange News

Kieran Williams

EM Bullet Homepage Fixed Income News Commodities Bullet Markets Emerging Markets News Foreign Exchange News

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Benchmarks On Track For Weekly Gain