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Oil prices rise as WTI nears $69 and Brent tests $72 amid stable natural gas and ongoing US-Iran talks.

Market News
03 Jul 2026
FXEmpire
View Source
Neutral
pluang ai news

Oil prices showed modest gains with WTI crude approaching $69 and Brent oil testing the $72 resistance level. Natural gas prices remained steady near $3.20-$3.25 despite high demand from hot weather. The market awaits further catalysts as Saudi Arabia and UAE return to pre-war export levels, increasing oil flow through the Strait of Hormuz. US-Iran nuclear negotiations continue with no immediate resolution expected, but both sides aim to keep the strait open. Short-term, oil may shift from deficit to surplus, potentially pressuring prices downward if no new developments arise.

More News

Canada signs Cooperative Prosperity Agreement and proposes $35-44B west coast oil pipeline to boost resource economy.

Canada signs Cooperative Prosperity Agreement and proposes $35-44B west coast oil pipeline to boost resource economy.

Canada's federal government and British Columbia have signed the Cooperative Prosperity Agreement, aiming to unlock over $200 billion in new investments focused on natural resources like LNG, critical minerals, and infrastructure. Concurrently, Alber...

Market News
Bullish
1 hour ago
Crédit Agricole raises stake in Banco BPM to 29.3%, reinforcing its long-term partnership.

Crédit Agricole raises stake in Banco BPM to 29.3%, reinforcing its long-term partnership.

Crédit Agricole has increased its ownership in Banco BPM to 29.3%, surpassing the 25% threshold through market purchases and derivatives. This move reflects Crédit Agricole's commitment as a long-term investor supporting the Italian economy and stren...

Company Fundamentals
Bullish
2 hours ago
BlackRock reduces direct voting rights in Umicore below 5% as of June 30, 2026.

BlackRock reduces direct voting rights in Umicore below 5% as of June 30, 2026.

BlackRock, Inc. notified Umicore on July 1, 2026, that its direct voting rights in the company fell below the 5% legal threshold on June 30, 2026. After the transaction, BlackRock holds 4.97% direct voting rights and 0.68% equivalent financial instru...

Market News
Neutral
4 hours ago
BlackRock's direct voting rights in Umicore fall below 5% as of June 30, 2026.

BlackRock's direct voting rights in Umicore fall below 5% as of June 30, 2026.

BlackRock, Inc. notified Umicore that its direct voting rights dropped below the 5% threshold on June 30, 2026, holding 4.97% direct voting rights and 0.68% through equivalent financial instruments, totaling 5.65%. This disclosure complies with Belgi...

Market News
Neutral
4 hours ago
BlackRock's voting rights in Umicore dip below 5% as of June 30, 2026, totaling 5.65% including financial instruments.

BlackRock's voting rights in Umicore dip below 5% as of June 30, 2026, totaling 5.65% including financial instruments.

BlackRock, Inc. has notified Umicore that it crossed below the 5% threshold of direct voting rights on June 30, 2026, holding 4.97% directly. Including equivalent financial instruments, BlackRock's total voting rights amount to 5.65%. This disclosure...

Market News
Neutral
4 hours ago
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