United Kingdom BRC Shop Price Inflation

Brent extended losses and fell toward $88 per barrel on Monday, its lowest level in more than a week, as optimism grew that the conflict in the Middle East could soon ease. President Trump said the US was holding "good talks" with Iran and that there was a chance of reaching a deal, but warned that US strikes would resume if negotiations failed. The US paused its military strikes on Iran on Friday, following nearly two weeks of hostilities and Tehran said it had suspended its retaliatory military operations in response and entered talks with Oman regarding navigation through Hormuz. Supply conditions also improved after crude loadings resumed at the Caspian Pipeline Consortium terminal on Russia's Black Sea coast, a key export route for Kazakh oil that had recently been disrupted by Ukrainian drone attacks. Meanwhile, Houthi militants claimed to have targeted Saudi Aramco-linked facilities in Jizan and Yanbu, although neither the Saudi government nor Aramco confirmed it.

Brent Continues to Fall

Oil prices extended their losses on Monday, with crude falling toward $82 per barrel, its lowest level in a week, as optimism grew that the conflict in the Middle East could soon ease. President Trump said the US was holding "good talks" with Iran and that there was a chance of reaching a deal, but warned that US strikes would resume if negotiations failed. The US paused its military strikes on Iran on Friday, following nearly two weeks of hostilities and Tehran said it had suspended its retaliatory military operations in response and entered talks with Oman regarding navigation through Hormuz. Supply conditions also improved after crude loadings resumed at the Caspian Pipeline Consortium terminal on Russia's Black Sea coast, a key export route for Kazakh oil that had recently been disrupted by Ukrainian drone attacks. Meanwhile, Houthi militants claimed to have targeted Saudi Aramco-linked facilities in Jizan and Yanbu, although neither the Saudi government nor Aramco confirmed it.

Crude Oil Near $82

The FTSE MIB Index went up by 253 points or 0.49 percent on Monday to close at 52055 points. The rise was led by Ferrari NV (4.29%), Lottomatica (3.16%) and Buzzi Unicem (2.80%). On the downside, the weakerst performers were Prysmian (-3.78%), Tenaris (-2.82%) and Eni (-2.44%).

The FTSE MIB Index Closes 0.49% Higher

The DAX Index rose 262 points or 1.04 percent on Monday to close at 25361 points. Leading the gains are SAP (7.90%), Zalando (4.12%) and Adidas (3.48%).

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News

Brent Continues to Fall

Crude Oil Near $82

The FTSE MIB Index Closes 0.49% Higher

The DAX Index Closes 1.04% Higher

Upcoming Events

United Kingdom BRC Shop Price Inflation