16 Jun 2025
Global crude oil prices surged over 7% on Friday, 13 June 2025, as escalating military exchanges between Israel and Iran stoked fears of a broader regional conflict that could jeopardise vital oil exports from the Middle East.
The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 16 June 2025 settled as follows:
13 Jun 2025
The decline followed a robust 4% surge on Wednesday—the sharpest daily gain in over a month—fuelled by heightened fears that escalating tensions in the Middle East could disrupt regional oil supplies.
The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 13 June 2025 settled as follows:
12 Jun 2025
Lotte Chemical Corp. and HD Hyundai Co. are in advanced negotiations to consolidate their naphtha cracking operations at the Daesan petrochemical complex
The rally was triggered by reports that the United States is preparing to evacuate its embassy in Iraq due to heightened security threats across the region.
Market participants view this as a potential turning point in a trade relationship that has been largely dormant since punitive tariffs derailed flows during the height of the US-China trade war.
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