Ceasefire Speculation Tests Oil’s Floor
Market Intelligence Analysis
AI-PoweredOil prices fell 2.5% due to speculation of a Ukraine peace deal, while European gas prices dropped to their lowest levels since May 2024, driven by warmer weather, ample supply, and potential Russia-Ukraine peace talks.
Market impact analysis based on bearish sentiment with 79% confidence.
Article Context
Oil fell 2.5% on Tuesday morning following reports that Ukraine has mostly agreed to a peace deal with the U.S. European Gas Prices Chill at Lowest Levels Since May 2024- European gas prices have fallen below the €30 per MWh threshold (the equivalent of $11 per MMbtu) as the triple whammy of Russia-Ukraine peace talks, warmer weather and ample supply lowered the TTF benchmark to its lowest since May 2024.- Following a brief cold spell that brought this winter season’s first snow, temperatures across key consumption hubs are expected…
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