Market AnalysisIMPORTANTOctober 7 at 03:56 AM

[MARKET UPDATE] Crude futures tick higher following reports that EU states expect no new oil release obligations following the G7 statement alongside reports that Ukraine struck two oil facilities; Brent rose around USD 0.60/bbl over five minutes

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The report said Brent rose around USD 0.60/bbl over five minutes amid reports concerning EU oil-release obligations and strikes on two oil facilities.

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[MARKET UPDATE] Crude futures tick higher following reports that EU states expect no new oil release obligations following the G7 statement alongside reports that Ukraine struck two oil facilities; Brent rose around USD 0.60/bbl over five minutes

What do investors think?

Today's market highlights

EU states expect no new oil release obligations following the G7 agreement

Ukrainian President Zelensky says Ukrainian forces struck four targets supporting Russia’s war effort, including two oil facilities and a training ground in the Perm, Samara and Astrakhan regions