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Oil Surge Drives Yields Up, Precious Metals Down and Risk Assets Lower

Oil spike lifts yields, trims Fed cut bets to 45bp, widens credit spreads and pressures equities as Iran tensions raise inflation risks.
3 March 2026

Conflict Disruptions, Rising PPI, and Widening Spreads Shake Global Markets

Geopolitical shock lifts gold, hits equities, widens credit spreads as hot PPI and bank stress deepen global risk-off.
2 March 2026

Latest reports

Physical Goes Negative

Forties selling weighs on Dated; Iran strikes lift Brent futures, widening gap between paper strength and weak physical.
3 March 2026

Brent Bounces Back to $82.97/bbl

US considers oil tanker support in Middle East, Russia unable to benefit from oil price surge, Aramco seeks to export oil via Red Sea
4 page report
3 March 2026

Supply Shock and Roll

War news jolts Brent/Dubai; Platts Gulf changes hit spreads. Dubai strong front-month, but April hinges on conflict duration.
3 March 2026

Energy Positioning Report – 03 March 2026

Position score increases: ICE Brent up by +9 moving into overextended territory, as is ICE Gasoil which increased by +3
9 page report
3 March 2026