Ceasefire Speculation Tests Oil’s Floor ...Middle East

OILPRICE - Economy
Ceasefire Speculation Tests Oil’s Floor
source : OILPRICE ( Middle East ) () 51
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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