Crude oil benchmarks held firm above the $90 per barrel threshold, driven by ongoing geopolitical tensions and supply concerns. Market analysts note that any renewed escalation in regional conflicts could push futures contracts into the triple-digit range, increasing pressure on global energy markets.
In corporate developments, Swiss real estate firm PSP Swiss Property reported a significant increase in its profit for the first half of the year, reflecting resilient portfolio valuations and rental income. Meanwhile, industrial components manufacturer Huber + Suhner posted a mixed financial closing for its reporting period, balancing steady demand in specific segments against broader economic headwinds.
