Diplomacy hopes lift markets as oil slides and bonds rebound
TL;DR Summary
Oil prices slid more than 3% to around $100 a barrel and US crude below $97 as investors priced in potential Middle East diplomacy at the UN General Assembly, helping European government bonds recover and stocks rise. France and Italy saw 10-year yields dip while UK gilts eased, with traders citing signals that talks with Iran could resume and ease debt-market pressure amid broader geopolitics.
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- Oil falls as crude flows remain 'surprisingly strong' CNBC
- Brent Set for Longest Losing Run Since June, Focus on Diplomacy Bloomberg.com
- Saudi Arabia Cuts Europe Off From October Crude as Gulf Exports Surge Crude Oil Prices Today | OilPrice.com
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