[MARKET ANALYSIS] Oil futures are steady overnight ahead of US-Iran talks and US-Ukraine-Russia trilateral negotiations in Geneva
Oil futures are steady as market focus shifts to significant US-Iran and trilateral negotiations involving Ukraine and Russia in Geneva.
[MARKET UPDATE] US equity futures extended on declines over the last few minutes with no obvious news drivers, with Emini S&P down 0.3% and Emini Nasdaq 100 down 0.6%
[MARKET ANALYSIS] T-note futures are uneventful following the US holiday closure, while JGBs climb despite a looming 5yr auction
[MARKET ANALYSIS] Oil futures are steady overnight ahead of US-Iran talks and US-Ukraine-Russia trilateral negotiations in Geneva
[MARKET UPDATE] Further downside in precious metals with spot silver now down 2.5% and with spot gold lower by 1.1%
Ukrainian long-range drones hit the Ilsky Oil Refinery in the Krasnodar Krai region of Russia and the refinery is on fire, according to Visegrad 24
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WTI/Brent: WTI Mar'26 +1.3% / Brent Apr'26 -0.2%
- Oil futures are rangebound overnight but hold on to most of the prior day's gains after steadily advancing in thinned conditions, while the focus turns to US-Iran talks in Geneva on Tuesday, which will simultaneously be held with trilateral negotiations between Ukraine, Russia and the US.
Gold: -0.9%
- Retreated after stalling around the USD 5,000/oz level with selling pressure seen alongside a drop in silver prices, which tumbled by more than 3% before bouncing off its lows.
Copper: -0.8%
- Remains subdued amid the mass holiday closures across the region, including its largest buyer, China.
This geopolitical backdrop may influence oil prices, alongside broader market responses, particularly in energy and related commodities. Traders should watch for developments from these talks that could impact supply dynamics and market sentiment.
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