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U.S. shale oil hedging remains historically low despite a recent uptick, with only 25.7% of 2025 output hedged.

TOKYO (Reuters) -Oil prices fell by about $2 on Thursday on expectations of a potential U.S.-Iran nuclear deal that could result in sanctions easing, while a surprise build in U.S. crude oil inventories last week heightened investor concerns about oversupply. U.S. West Texas Intermediate (WTI) crude futures slid $2.10, or 3.3%, to $61.05. Iran is willing to agree to a deal with the U.S. in exchange for the lifting of economic sanctions, an Iranian official told NBC News in an interview published on Wednesday.

UnitedHealth has been in serious trouble as of late. With the stock cut in half, is now the time to buy?

The S&P 500 is less than 1% away from returning to positive territory for the year. Emotion impacts short-term market action, but earnings growth drives the market long term. The broader market indexes soared on Monday, May 12, in response to news that the U.S. and China would pause their reciprocal tariffs on most goods for 90 days -- a move that built on the momentum from the trade deal framework that the U.S. and U.K. revealed at the end of last week.

We were quiet on the reports front today, but plenty of economic reports hit the tape ahead of Thursday's open.

Discovery Capital's founder Rob Citrone said on Wednesday his favorite stock at this moment is Mexico's America Movil due to its exposure to many different countries in Latin America. Citrone, who manages a macro hedge fund, is bullish on Latin America as a diversification to investments in the U.S. Discovery posted a 52% gain last year. He sees opportunities in Latin America's equities, rates and currencies.

The powerful rise in risk and growth assets lost some steam as U.S. stocks ended mixed and oil slipped on Wednesday, although the losses were minimal, suggesting investors aren't ready to call a halt to the rally just yet. In my column today I look at the 'Global South', and how its time to shine may be now if the era of 'U.S. exceptionalism' forces a major shift in global capital and investment flows. EU ready to take slow road in U.S. trade talks inpursuit of bigger deal 2.