FXStreet: Oil: Prices supported by supply risks and Iran tensions – Danske Bank
Iran tension raises oil supply risk → MCL up, USD up
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Producer Price Index: the change in prices businesses receive, released monthly at 8:30 AM ET.
It can foreshadow consumer inflation and feeds into PCE estimates, so a big surprise moves yields and indices.
Iran tension raises oil supply risk → MCL up, USD up
CAD weak → DXY up, EUR/USD down
Stable dollar strengthens DXY; headline links pound slip to dollar strength
Iran war fears raise oil risk → MCL up; risk‑aversion drops equities & crypto → MNQ/BTC down; USD safe‑haven ↑ → DXY up, EUR/USD down
IEA diesel release → higher fuel supply → oil price down
Heating oil surge → higher crude demand & inflation pressure → MCL up, USD up, equities down