DAX Notably Higher As Drop In Oil Prices Lifts Sentiment

Germany’s equity benchmark is up in positive territory on Wednesday, gaining for a third straight session. A drop in oil prices is aiding sentiment, although the raging war in the Middle East continues to deter investors from indulging in any big positive moves.

Oil prices have dropped following Iran reaching an agreement to resume exports via Turkey. Additionally, Iraqi and Kurdish authorities agreed to resume oil exports through Turkey’s Ceyhan port, offering some relief to investors worried about supply disruptions caused by the escalating U.S.-Israel war on Iran.