Crude oil futures have opened lower, extending the negative trend in the market. Traders remain cautious following US-Russia discussions regarding a potential peace deal in Ukraine, which may limit sanctions. Upcoming meetings between President Trump and leaders from Ukraine and Europe could influence oil supply levels. Progress in negotiations could lead to increased Russian crude availability, exerting downward pressure on prices. Conversely, setbacks could tighten supply. Economic indicators show a slowdown in China, impacting demand, while inventory data in the US could signal demand strength or increase concerns over stockpiles, affecting prices.
Crude oil futures have opened lower, continuing a negative market trend as traders adopt a cautious approach following US-Russia talks regarding a peace deal in Ukraine.
Upcoming meetings between President Trump and Ukrainian and European leaders may accelerate negotiations, potentially increasing Russian crude availability and impacting market prices.
Economic indicators indicate a slowdown in China, which can affect oil demand and contribute to downside risks for crude prices.
Traders are closely monitoring US crude oil inventory data releases to gauge demand strength, with increases in stockpiles potentially impacting prices negatively.
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