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.
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The US would also have agreed with Russia to release thousands of barrels of diesel to lower market prices
Oil falls on hopes energy ceasefire will boost supplies
Oil prices slipped today on expectations of more Russian supplies after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other's energy facilities following a US diesel-supply deal with Moscow.
Morning Bid: It takes two to make a ceasefire - Regional Media News
Oct 12 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. There's been much confusion in oil markets this morning as US President Donald Trump announced an energy "ceasefire" between Ukraine and Russia, which came as a surprise [...]
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,…
Oil prices fell today on Monday against expectations of increased Russian supplies, after the United States President announced that Ukraine and Russia had agreed to stop attacks on their respective energy facilities.
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…
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