Commodities: Ceasefire Hopes Weigh On Oil
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ING Economic and Financial Analysis4.96K FollowersFollow5ShareSavePlay(5min)CommentsSummaryICE Brent settled a little more than 0.9% lower, leaving it at $60.56/bbl - the lowest close since May.Cocoa sold off aggressively yesterday. The London market settled a little more than 7% lower, pressured by strong cocoa arrivals at the Ivory Coast ports.CBOT wheat prices extended losses for a second consecutive session, with prices falling around 1.6% amid comfortable supply prospects.
Getty Images By Warren Patterson, Head of Commodities Strategy and Ewa Manthey, Commodities Strategist The oil market has come under further pressure with Russia-Ukraine ceasefire talks progressing. Energy: Ceasefire hopes grow Renewed optimism over a Russia-Ukraine ceasefire weighed onThis article was written byING Economic and Financial Analysis4.96K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.