Crude oil prices edged higher in the global commodity market on Friday as concerns over a possible US military strike on Iran eased, calming fears that tensions could disrupt oil supplies from the Middle East.

Global over-the-counter (OTC) derivatives notional outstanding grew to $845.7 trillion at the end of June 2025, a 15.9% rise compared to mid-year 2024 and a 20.9% increase relative to year-end 2024, International Swaps and Derivatives Association (ISDA) said in a report.

Nigerian, Angolan, and Egyptian sovereign Eurobonds rallied in the international capital market, supported by enhanced optimism among foreign portfolio investors (FPIs).

The money market liquidity improved following inflows from matured bonds and Nigerian treasury bills. The market experienced liquidity fluctuation that plunged liquidity into deficit after the OMO bills settlement during the week.

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