[MARKET ANALYSIS] Oil prices declined on Ukraine optimism and Trump's announcement that Venezuela will be 'turning over' 30mln-50mln bbls of oil to the US
Oil prices dropped due to optimism surrounding Ukraine and President Trump's announcement regarding the potential transfer of 30-50 million barrels of oil from Venezuela to the U.S.
China announces management measures for online platforms and China's market regulator says online platforms must not sell below cost or disrupt market competition
US President Trump presses Venezuela to dismiss agents from China, Russia, Iran and Cuba, according to Axios
[MARKET ANALYSIS] Oil prices declined on Ukraine optimism and Trump's announcement that Venezuela will be 'turning over' 30mln-50mln bbls of oil to the US
Japanese Chief Cabinet Secretary Kihara says China curbs targeting only Japan are regrettable, adds we'll consider necessary response as we assess China's export curb details
China's Taiwan Affairs Office named two people to be punished for Taiwan independence activities, while it stated the people as well as their relatives are banned from entering the mainland, Hong Kong and Macau
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WTI/Brent: WTI Feb.'26 -1.3% / Brent Mar'26 -1.0%
- Oil declined following recent Ukraine-related optimism and with US President Trump announcing that Venezuelan authorities will be turning over 30mln-50mln bbls of oil to the US.
Gold: -0.7%
- Retreated after hitting resistance at the USD 4,500/oz level, with some mild selling pressure seen across the commodities complex as Shanghai and LME trade got underway.
Copper: -1.0%
- Pulled back and tested the USD 6/lb level to the downside, but with further losses stemmed amid the mostly positive risk appetite.
This influx of supply could alleviate concerns about tight markets, indicating a possible shift in the geopolitical landscape that often drives oil prices. Traders should monitor how these developments might influence future supply-demand dynamics and pricing.
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