[MARKET ANALYSIS] Oil prices are pressured and metals gained amid ceasefire hopes

Newsquawk StaffOil newsPublished 25 Mar 2026, 02:34 UTC

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[MARKET ANALYSIS] T-note futures gained amid lower oil and softer yields, owing to ceasefire hopes

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[MARKET ANALYSIS] Oil prices are pressured and metals gained amid ceasefire hopes

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WTI/Brent: WTI May'26 -5.1% / Brent June'26 -5.9%

Oil prices declined with Brent and WTI crude futures back beneath the USD 100/bbl and USD 88/bbl levels, respectively, amid hopes for a ceasefire in the Middle East war after encouraging comments by US President Trump regarding negotiations, while it was also reported that the US was working on a one-month ceasefire and sent Iran a 15-point peace plan on ending the war.

Gold: +2.5%

Edged higher and returned to above the USD 4,500/oz level amid softer yields and lower oil prices.

Copper: +1.2%

Benefitted alongside the positive risk environment amid hopes for a ceasefire in the Iran conflict.

Context

Oil prices are seeing significant downward pressure as Brent and WTI crude futures fall below key levels, driven by optimism surrounding a potential ceasefire in the Middle East following President Trump's remarks on negotiations. In contrast, metals like gold and copper are gaining traction as the market reacts favorably to the reduced risk associated with lower oil prices and softer yields, indicating a shift in investor sentiment that could impact broader market dynamics.

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