WS #12931
Brent crude falls 5% to $83.90, WTI -4.9% to $78.54 as OPEC+ prepares to halt output increases and US-Iran ceasefire talks progress, countering the war premium. Houthis strike Saudi oil tanker and Aramco's Jazan refinery, but impact is muted by ceasefire hopes. Boeing reports revenue +10.8% to $46.8B, positive operating cash flow, raises 737 production to 47/month, shares gain 5%.
Oil Price Collapse on OPEC+ Pause and Ceasefire Hopes
Brent crude falls 5% to $83.90, WTI -4.9% to $78.54 as OPEC+ prepares to halt output increases and US-Iran ceasefire talks progress, countering the war premium.
Houthis strike Saudi oil tanker and Aramco's Jazan refinery, but impact is muted by ceasefire hopes.
Boeing reports revenue +10.8% to $46.8B, positive operating cash flow, raises 737 production to 47/month, shares gain 5%.