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WTI rebounds as Middle East tensions clash with Russia-Ukraine peace hopes
West Texas Intermediate (WTI) US Oil rises by 1.00% on Monday, trading around $91.90 at the time of writing. Crude Oil prices are supported by escalating geopolitical tensions in the Middle East, despite prospects of an energy ceasefire between Russia and Ukraine that could ease supply concerns.
Euro falls against Canadian Dollar amid French debt crisis
EUR/CAD inches lower after posting modest gains in the previous day, trading around 1.5960 during European hours on Monday.
Oil: Supply risks offset by Russia diesel deal – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices are weaker despite heightened Middle East tensions, as strong Persian Gulf flows and a US-Russia diesel deal weigh on the market. They highlight that additional Russian diesel exports and a possible Russia-Ukraine energy ceasefire are pressuring middle distillate cracks, while inefficient Middle East trade flows and high freight rates keep refined product prices elevated.
Equities: Stable oil and yields support stock gains - Danske Bank
Danske Research Team reports that European and US equities ended Friday higher, with many indices near record levels, supported by broadly sideways yields and Oil prices.
Brent: Houthi escalation keeps risk premium elevated – Commerzbank
Commerzbank strategists note that Brent Oil remains above USD 100 as markets weigh heightened geopolitical risk from Houthi attacks on Saudi infrastructure.
WTI falls to near $90.00 as Russia-Ukraine energy ceasefire fuels supply hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.15 during the early European trading hours on Monday.
EUR/USD Price Forecast: Gets some relief from Russia-Ukraine energy ceasefire
The Euro (EUR) is marginally higher at around 1.1208 against the US Dollar (USD) during the Asian trading session on Monday. The major currency pair gets slight relief from the announcement of an energy ceasefire between Russia and Ukraine, which has put some pressure on oil prices.
Indian Rupee gains significantly on fresh RBI measures
The Indian Rupee (INR) trades significantly higher against the US Dollar (USD) on Monday. The USD/INR pair falls 1% to near 95.80 as the Reserve Bank of India’s (RBI) fresh measures to curb US Dollar demand have brought relief for the Indian currency.
Silver Price Forecast: XAG/USD holds gains near $61 amid Russia-Ukraine ceasefire
Silver price (XAG/USD) trades higher at around $61.10 in the Asian trade on Monday, holding onto Friday’s gains.
Saudi-led coalition says it intercepted Houthi ballistic missile toward Khamis Mushait
The Saudi-led military coalition said that it has intercepted and destroyed a ballistic missile fired by Yemen's Houthis towards southern Saudi Arabia, the Time of Israel reported on Sunday.
WTI declines to near $90.00 despite escalating Middle East conflict, supply risks
West Texas Intermediate (WTI) declines after two days of gains, trading around $90.00 per barrel during Asian hours on Monday.
US President Donald Trump says Russia and Ukraine agree to an ‘energy ceasefire’
US President Donald Trump claimed Russia and Ukraine have agreed to an ”energy ceasefire”, but he offered no details on it,the Guardian reported on Sunday.
Middle East War updates: New attack launched on Saudi airport
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.