Morning Bid: Oil engulfed

It's been a slightly strange holiday-shortened week for markets - with U.S. and Canadian exchanges shut for President's Day on Monday, and China and South Korea markets closed for most of the week as Lunar New Year festivities got underway. And yet the newsflow didn't let up much. Probably the biggest macro move this week was the surge in crude oil prices. Oil had calmed as U.S.-Iran talks and parallel negotiations on the Ukraine war got underway in Geneva on Tuesday. But with no concrete outcome from eithe ...