- Brent crude futures rose 1.25% to $94.25 per barrel
- U.S. West Texas Intermediate futures added 0.84% to settle at $91.30
- OPEC+ agreed to increase oil output targets by 188,000 bpd from July
2026-06-08
Energy/Oil 2
- China's reduced crude imports have helped keep oil prices below $100
- Analysts warn that higher prices will be needed as market balance is restored
- Strategic reserves will require rebuilding, pushing oil prices higher in the long term
Central Banks 1
- One-year pilot phase for IReF reporting to start in Q2 2030
- Official IReF reporting to commence in Q2 2031
- Public consultation on draft IReF Regulation planned for H2 2027
Macro/Economy 1
- 13.3% of households see current situation as 'much worse' than a year ago, highest since July 2022
- 43.7% see either 'much' or 'somewhat' worse situation, highest since January 2023
- Net outlook for coming year at lowest since October 2022
Geopolitics 1
- Global markets remain volatile due to the ongoing Iran war, with oil prices 36-50% above pre-war levels.
- Equity markets have recovered initial losses, with the S&P 500 hitting new all-time highs.
- Bond yields have surged, with the 30-year Treasury yield reaching its highest level since the Financial Crisis.