MNI BRIEF: EU Will Prioritise Local Firms In Rearming - VDL

MNI: Canada CPI Rise Is Broader Than End Of Sales Tax Break

test headline

MNI China Daily Summary: Tuesday, March 18

MNI BRIEF: China Electricity Demand Up In February

MNI BRIEF: Beijing Industrial Value Added Up In Jan Feb

MNI: US FEB INDUSTRIAL PROD +0.7%; CAP UTIL 78.2%

MNI: US REDBOOK: MAR STORE SALES +5.5% V YR AGO MO

CANADA FEB CPI 2.6% FROM JAN 1.9% AS FEDERAL TAX BREAK ENDS

GERMANY: Handelsblatt Report on Lingering Uncertainties Ahead of Bundestag

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Crude Softening Amidst Ukraine Peace Talks, Easing Middle East Tensions

OIL
BulletEnergy BulletsCommodities

Crude softer as supply-side uncertainty eases against backdrop of imminent Ukraine peace talks and signs of softening Israel/Hamas tensions. 

  • Crude extended losses this morning after headlines suggested that tensions around the Gaza ceasefire deal had eased, with Hamas reaffirming its commitment to the hostage release deal.
  • Israel had previously said that delays violated the ceasefire agreement and had placed its military on high alert.
  • Softening tensions around the Gaza ceasefire deal lowers the risk of a wider regional conflict, which in the past has drawn Israel and Iran into direct conflict and added to supply-side uncertainty in oil markets.
  • Crude had declined earlier as the market digested US President Trump’s confirmation that he talked to Russian President Putin yesterday, saying negotiations on the Russia-Ukraine conflict will begin imminently.
  • A peace agreement could see US sanctions on Russia’s energy trade eased, reducing supply-side risks.
  • Brent APR 25 down 1.4% at 74.09$/bbl, just under the Feb. 6 low.
  • SUP 1: $74.10 - Low Feb 6
  • SUP 2: $71.25 - Low Dec 20
  • WTI MAR 25 down 1.5% at 70.3$/bbl, breaking through Feb. 6 low.
  • SUP 1: $70.43 - Low Feb 6 and the bear trigger
  • SUP 2: $68.05 - Low Dec 20 ‘24
196 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Crude softer as supply-side uncertainty eases against backdrop of imminent Ukraine peace talks and signs of softening Israel/Hamas tensions. 

  • Crude extended losses this morning after headlines suggested that tensions around the Gaza ceasefire deal had eased, with Hamas reaffirming its commitment to the hostage release deal.
  • Israel had previously said that delays violated the ceasefire agreement and had placed its military on high alert.
  • Softening tensions around the Gaza ceasefire deal lowers the risk of a wider regional conflict, which in the past has drawn Israel and Iran into direct conflict and added to supply-side uncertainty in oil markets.
  • Crude had declined earlier as the market digested US President Trump’s confirmation that he talked to Russian President Putin yesterday, saying negotiations on the Russia-Ukraine conflict will begin imminently.
  • A peace agreement could see US sanctions on Russia’s energy trade eased, reducing supply-side risks.
  • Brent APR 25 down 1.4% at 74.09$/bbl, just under the Feb. 6 low.
  • SUP 1: $74.10 - Low Feb 6
  • SUP 2: $71.25 - Low Dec 20
  • WTI MAR 25 down 1.5% at 70.3$/bbl, breaking through Feb. 6 low.
  • SUP 1: $70.43 - Low Feb 6 and the bear trigger
  • SUP 2: $68.05 - Low Dec 20 ‘24