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EU wants to propose lowering the price cap for Russian Oil – Commerzbank
According to a Reuters report, the EU intends to propose lowering the price cap for Russian Oil from $60 to $50 per barrel at the meeting of G7 finance ministers, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
May 20, 2025
Oil: Chinese oil demand falls – ING
The Oil market eked out a small gain yesterday, with ICE Brent holding above US$65/bbl. The scheduled call between President Trump and President Putin doesn’t appear to have led to any significant breakthroughs. Trump said that Russia and Ukraine would begin talks on ending the war.Fxstreet
May 20, 2025
WTI hovers around $62.00, downside appears due to Russia-Ukraine peace talks
West Texas Intermediate (WTI) Oil price is trading around $62.00 per barrel during the Asian session on Tuesday, retreating after two consecutive days of gains. The pullback comes as markets evaluate the possible effects of a Russia-Ukraine ceasefire on global Oil supply.Silver Price Forecast: XAG/USD falls toward $32.00 amid potential Russia-Ukraine ceasefire
Silver price (XAG/USD) continues its decline for the third consecutive session, trading near $32.20 per troy ounce during Tuesday’s Asian session. The metal’s weakness comes as optimism over a potential ceasefire between Russia and Ukraine reduces demand for safe-haven assets.Fxstreet
May 20, 2025
Gold Price Forecast: XAU/USD holds below $3,250 on modest US Dollar strength
The Gold price (XAU/USD) edges lower to around $3,230 during the early Asian session on Tuesday, pressured by a modest US Dollar (USD) rebound. However, the concerns over the US economic health after Moody's downgrades the US national credit rating might cap its downside.Fxstreet
May 20, 2025
WTI edges higher above $62.00 as US-Iran nuclear talks stall
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.10 during the Asian trading hours on Tuesday. The WTI price edges higher on signs of a breakdown in US negotiations with Iran over its nuclear program, while Moody's downgrades the US national credit rating.Gold price rebounds above $3,200 as Moody’s downgrade spurs safe haven demand
Gold price trimmed some of last Friday’s losses, climbing on safe haven demand following Moody’s downgrade of the United States' (US) creditworthiness. The rating agency's action undermined the US Dollar and sent XAU/USD above the $3,200 figure after bouncing off daily lows of $3,202.Fxstreet
May 19, 2025
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