Stocks rise as oil prices tumble after Trump hails 'energy ceasefire'
- Global oil prices tumbled Monday as markets reacted to President Donald Trump's reported energy ceasefire announcement between Russia and Ukraine, with both major crude benchmarks declining more than 1 percent.
- Ukrainian President Volodymyr Zelensky expressed surprise at the announcement but confirmed his government supports the move, stating it is 'important that Russia support it as well.' Russia has yet to formally confirm the agreement.
- Analysts note the market is increasingly reluctant to pay geopolitical premiums on every headline, yet the physical market remains tight enough to keep Brent above $100 despite the ceasefire announcement.
- Most Asian stock markets rose Monday, with Hong Kong, Sydney, Singapore, Wellington and Manila all posting gains as oil prices eased; Seoul and Taipei declined due to chipmaker losses.
- Investors are preparing for upcoming earnings season and Federal Reserve interest-rate decisions due at month's end, which could influence energy volatility regardless of the ceasefire's long-term durability.
23 Articles
23 Articles
Oil prices fell while most Asian stock markets opened higher on Monday after US President Donald Trump announced an “energy ceasefire” between Russia and Ukraine. The development eased investor concerns after a new wave of attacks by Houthi rebels on Saudi Arabia. The two main crude oil contracts fell more than 1% after Trump’s statement, despite uncertainty about the deal and reports from Kiev that Russia had hit several Ukrainian power plants,…
Stocks rise as oil prices tumble after Trump hails 'energy ceasefire'
Both main crude contracts sank more than one percent following the US president's declaration, even as it sparked astonishment in Kyiv, which also said Moscow had struck multiple power plants in the country. "Effective immediately, there is an ENERGY CEASEFIRE in the War between Russia and Ukraine," Trump said early Sunday on Truth Social. "Both parties have agreed. Do not break it!" His post came after he called on Ukrainian President Volodymyr…
FTSE 100 Live: Stocks to gain; oil drops on Russian diesel deal
Welcome back to City AM‘s FTSE 100 live blog. The UK’s blue-chip index is set to make gains on Monday morning, picking up where Friday’s rally left off. Oil prices fell in early trading, as Brent crude – the international benchmark for oil – dipped below $104 per barrel following President Trump’s plans to import [...]
Oil Prices Dip on Russia-Ukraine Energy Ceasefire Hopes, Brent Holds Above $100
Oil prices slipped on Monday as expectations of increased Russian diesel supplies and a possible pause in attacks on energy infrastructure in the Russia-Ukraine conflict eased some concerns over global fuel supplies. However, continued tensions in the Middle East kept Brent
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cedarnews.netMost stock markets rose on Monday, while oil prices fell, after US President Donald Trump announced an "energy ceasefire" between Russia and Ukraine - news that offset the impact on markets of a new wave of Houthi attacks on Saudi Arabia.
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