Positive signals from both the US and Ukraine regarding a Russia-Ukraine peace deal continue to put pressure on energy markets. However, there’s little clarity on where Russia stands on the current plan
The oil market rallied yesterday, boosted by the strength of the refined products market
PEC+ is scheduled to meet this weekend, with the expectation that the group will agree on an output hike for December
Spot gold extended its rally to top $4,000/oz for the first time this morning, as concerns over the US economy and a government shutdown boost demand for safe havens
The oil market opened higher in the early trading session today following a modest output hike from OPEC+ for November 2025. Meanwhile, gold continued its rally to new record highs amid the prolonged US shutdown
Oil opened lower this morning amid reduced concerns over tougher sanctions against Russia following the Trump-Putin summita
The US dollar has advanced by about 0.4% from the lows late in US trading yesterday after tariff escalation fears receded somewhat after President Trump reversed his earlier announcement to double Canada’s steel and aluminium tariff from 25% to 50%.
