Brent oil prices have fallen relatively as the market begins to consider the possibility of an end to the Russia-Ukraine conflict. If the war subsides, Russian oil exports, previously restricted by sanctions, could re-enter the market, adding to the already abundant global supply. This situation is pressuring prices even though global demand remains stable.
On the other hand, other geopolitical tensions, such as the situation in Venezuela, remain a factor influencing the market. However, the potential for increased supply from countries like Venezuela and Russia is keeping investors cautious. The combination of large supply constraints and long-term geopolitical uncertainty keeps Brent prices volatile but relatively stable. (az)
The oil price at the time of this analysis was $59.98
Disclaimer
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
Gold prices weakened in recent trading, pressured by a strengthening US dollar and rising US government bond yields, as investors digested the latest economic data from the United States. Market senti...
Silver (XAG/USD) today consolidated around $78.05/oz (real-time), following high volatility in recent sessions. This area indicates the market is "holding its breath" as market participants await a ma...
Gold prices fell in recent trading as investors opted to take profits after the previous rally, while awaiting confirmation from US economic data. The market's focus is now on the release of employme...
Silver prices remain strong due to high industrial demand and limited supply. Silver is widely used in solar panels, electric vehicles, electronics, and other advanced technologies, while new producti...
Gold prices weakened slightly, around 0.21% in the latest trading session, hovering around $4,487. This pressure arose as investors began holding positions while awaiting the direction of US interest ...
Japanese stocks rallied in early trading, driven by a weaker yen and signs of a still-solid US economy. This increased buying interest in export-oriented stocks and sectors sensitive to interest rate fluctuations. The weaker yen makes Japanese...
Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening...
Stephen Miran, a Federal Reserve governor whose term ends at the end of January, said Thursday that he is looking for 150 basis points of interest-rate cuts this year to boost the U.S. labor market. Miran told Bloomberg Television's Surveillance...
Greenland is not only a strategic location, but also a world-class mineral repository. The island holds vast reserves of rare earth elements (REEs),...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in...
Further changes to the Federal Reserve's short-term interest rate will need to be "finely tuned" to incoming data given the risks to both the U.S....
The world community must make clear that U.S. intervention in Venezuela is a violation of international law that makes the world less safe, the...