Brent crude inches higher as ”Maximum pressure on Iran” could remove all talk of surplus in 2025

Brent crude inch higher despite bearish Chinese equity backdrop.

Brent crude traded between 72. 42 and 74.

0 USD/b yesterday before closing down 0.

15% on the day at USD 73.

41/b.

Since last Friday Brent crude has gained 3.

2%.

This morning it is trading in marginal positive territory (+0.

3%) at USD 73.

65/b.

Chinese equities are down 2% following disappointing.