0936 ET - Crude futures recover from yesterday's selling with support from geopolitical risk premium and Canadian wildfires that have curbed some production. Lack of progress toward a ceasefire in the Russia-Ukraine conflict and a U.S.-Iran nuclear agreement makes it unlikely U.S. sanctions will be eased soon, which offsets oversupply concerns from higher OPEC+ output. "The market has become a bit numb to OPEC policy after consecutive rallies in prices when they increased," Scott Shelton of TP-ICAP says in a note. WTI is up 1.5% at $63.81 a barrel, and Brent rises 1.3% to $65.73 a barrel. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
June 05, 2025 09:36 ET (13:36 GMT)
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