{"id":434634,"date":"2026-07-24T17:55:27","date_gmt":"2026-07-24T10:55:27","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-session-wrap-oil-prices-come-off-the-boil-markets-take-a-light-breather-in-final-stretch-of-the-week-434634\/"},"modified":"2026-07-24T17:55:27","modified_gmt":"2026-07-24T10:55:27","slug":"investinglive-european-session-wrap-oil-prices-come-off-the-boil-markets-take-a-light-breather-in-final-stretch-of-the-week","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-session-wrap-oil-prices-come-off-the-boil-markets-take-a-light-breather-in-final-stretch-of-the-week-434634\/","title":{"rendered":"investingLive European session wrap: Oil prices come off the boil, markets take a light breather in final stretch of the week"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/middle-east-tensions-remain-heightened-with-the-weekend-drawing-closer\" rel=\"follow\">Middle East tensions remain heightened with the weekend drawing closer<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/oil-prices-come-off-the-boil-in-final-stretch-of-the-week\" rel=\"follow\">Oil prices come off the boil in final stretch of the week<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/oil-analysis-today-tactical-bearish-bias-takes-hold-near-90-support-shelf-as-markets-weigh-ecb-pause-and-iran-tensions\" rel=\"follow\">Oil Analysis Today: Tactical Bearish Bias Takes Hold Near $90 Support Shelf as Markets Weigh ECB Pause and Iran Tensions<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/ecb-s-kocher-don-t-see-evidence-of-second-round-effects-but-will-act-if-inflation-outlook-deteriorates\" rel=\"follow\">ECB&#8217;s Kocher: Don&#8217;t see evidence of second-round effects but will act if inflation outlook deteriorates<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/ecb-policymaker-nagel-says-should-not-pre-commit-to-any-rate-move-before-september-meeting\" rel=\"follow\">ECB policymaker Nagel says should not pre-commit to any rate move before September meeting<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/france-july-flash-services-pmi-vs-47-5-expected\" rel=\"follow\">French business activity stabilises in July amid strong rebound in the services economy<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-july-flash-manufacturing-pmi-xx-vs-50-5-expected\" rel=\"follow\">Germany July flash manufacturing PMI 52.2 vs 50.5 expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/eurozone-july-flash-services-pmi-vs-49-8-expected\" rel=\"follow\">Euro area business activity rises for first time in four months as demand conditions rebound<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/uk-july-flash-services-pmi-xx-vs-49-4-expected\" rel=\"follow\">UK July flash services PMI 51.8 vs 49.4 expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/uk-june-retail-sales-1-0-vs-0-3-m-m-expected\" rel=\"follow\">UK retail sales rose unexpectedly in June amid summer heat and World Cup fever<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-august-gfk-consumer-sentiment-29-6-vs-28-5-expected\" rel=\"follow\">German household sentiment eases a little more heading into August<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>WTI crude down 2.7% to $89.65<\/li>\n<li>European stocks slightly higher; S&amp;P 500 futures up 0.2%<\/li>\n<li>AUD leads, USD and CHF lag on the day<\/li>\n<li>10-year Treasury yields down 2 bps to 4.68%<\/li>\n<li>Gold up 0.3% to $4,059<\/li>\n<li>Bitcoin down 0.2% to $64,985<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">There wasn&#8217;t all too much on the session as markets are looking to take a bit of a breather in the final stretch of the week.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">While Middle East tensions remain high, we&#8217;re seeing all the risk aversion take a step back today as oil prices come off the boil &#8211; for now at least.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">WTI crude is down 2.7% to $89.65 while Brent crude is down 2.6% to $98.05 on the day. In the context of this week, the moves here aren&#8217;t anything much with the former still slated for 9% gains on the week with the latter poised to close the week up by over 11% at current levels.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">As oil prices pull back a little, we&#8217;re seeing bond yields also drop off from the highs. 10-year yields in Germany are down from 3.20% to 3.18% with 10-year yields in the US also falling from 4.71% to 4.68% on the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In turn, the dollar is also keeping marginally lower in the major currencies space as the broader risk mood catches a bit of a relief. EUR\/USD is up 0.1% to 1.1385 with USD\/JPY down 0.1% but still sticking around 40-year highs at 163.75.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In the equities market, European indices are seeing slight gains today with the DAX up 0.7% and CAC 40 up 0.3%. Looking to US futures, the mood is also calmer with S&amp;P 500 futures up 0.2% and Nasdaq futures up just 0.1%. It&#8217;s not hinting at much though after the heavy selling yesterday in Wall Street.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">And looking to precious metals, gold is seen recovering some ground as prices are up 0.3% to $4,059.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">All in all, it points to just a bit part recovery and more so just a light breather as the weekend approaches.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Middle East tensions remain heightened with the weekend drawing closer Oil prices come off the boil in final stretch of the week Oil Analysis Today: Tactical Bearish Bias Takes Hold Near&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-434634","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=434634"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434634\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}