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1h ago

Oil Drops as U.S.–Iran War Fears Ease, Markets Reprice Risk and Brazil Liquidates CBSF

Brazil's central bank ordered the extrajudicial liquidation of CBSF, a firm tied to the Compliance Zero probe, adding a separate domestic risk to investors' checklists.

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Overview

  • Crude fell roughly 3% after the president said the killings in Iran had ceased, with WTI near $60.16 and Brent around $64.61 in early Thursday trading.
  • Oil had hit three‑month highs on Wednesday after tensions spiked, including reports that some U.S. personnel were told to leave the Al Udeid airbase in Qatar.
  • European stocks traded mixed as energy shares fell on the oil pullback, a day after the STOXX 600 set a record led by chemicals and health care.
  • U.S. futures edged higher after Wall Street’s tech- and bank‑led declines on Wednesday, reflecting a partial unwind of the prior risk-off move.
  • The Ibovespa closed at a record 165,146 on Wednesday and hovered near flat on Thursday as Petrobras fell with oil, while stronger‑than‑expected retail data and foreign flows remained in focus.