Crude Holds Near $90 as Korea Chip Exports Lift Markets Before CPI
Updated
Updated · Saxo Bank · Aug 12
Crude Holds Near $90 as Korea Chip Exports Lift Markets Before CPI
3 articles · Updated · Saxo Bank · Aug 12
Summary
VIX at 15.28 and a contango futures curve signaled calm risk appetite as markets held steady ahead of the U.S. CPI report.
Crude stayed firm near the prior session’s $89.67 Brent level, with traders also awaiting fresh monthly oil market reports from the IEA and OPEC later in the day.
South Korea remained a bright spot after chip-export strength and the tech rally pushed the Kospi sharply higher in earlier trading, reinforcing support for regional equities.
Bitcoin traded around $63,766 and Ethereum near $1,889, suggesting broader risk assets were stable even as investors paused for inflation data.