Crude oil prices slid to a six-week low on Tuesday when a Saudi prince's remarks cast doubt on the kingdom's support for oil, but prices recovered partly on a surprise drop in US oil and fuel stocks. Meanwhile, global equity markets remain bullish, though momentum has faded in the S&P500, and Apple's second-quarter revenues missed expectations.

• Oil slumps to 6-week low before recovering partly on surprisingly bullish API report
• Oil prices knocked by Saudi prince's remarks, lifted by drop in API oil and fuel stocks
• EIA report today will help determine strength of support towards $47/b, the March low
• Gold trading lower and testing $1,257-53/oz band of support
• Global equity markets still bullish, but momentum has faded in S&P500
• Apple Q2 revenue disappoints, hit by weaker iPhone sales; shares lost 2%
• Treasuries trading slightly firmer ahead of Wednesday’s FOMC; no changes expected
• Market well prepared for a June Fed rate hike, now priced at 67% likelihood
• Eurozone yields tread water ahead of French 2nd-round presidential vote on May 7
• ECB intervened heavily to support French bonds in run-up to 1st round of election
• Greece 10-year yield rallied to 3-year low after deal to cut spending