Oil Prices Rise as Ukraine Peace Talks and Middle East Tensions Stir Supply Concerns 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Volatility 
Hong Kong Home Prices Rise for Sixth Straight Month as Rate Cuts Lift Market Sentiment 
European Markets Mixed as Pound Weakens and Major Corporate Deals Emerge 
Yen Rebounds as Markets Assess BOJ Rate Hike Outlook and Intervention Risks 
Asian Stocks Rally as Fed Rate Cut Bets Weigh on Dollar and Fuel Precious Metals Surge 
U.S. Stock Index Futures Steady Ahead of Holiday-Shortened Trading Week 
Wall Street Ends Post-Christmas Session Flat as Investors Eye Santa Claus Rally 
BOJ Signals Further Rate Hikes as Inflation and Weak Yen Remain in Focus 
European Defense Stocks Slide as Trump Signals Progress in Ukraine-Russia Peace Talks 
China LNG Imports Rise in December as Long-Term Contracts Drive Growth 
China to Cut Import Tariffs on Key Commodities and Medical Products From Next Year 
Asian Stock Markets Trade Narrowly as Year-End Volumes Thin, KOSPI Outperforms on Tech Rally 
U.S. Stocks Hold Steady After Christmas as Trading Volumes Stay Light 
Silver Prices Hit Record Highs: How Silver Is Traded and Why Demand Is Surging 
Japan to Audit Brazil’s Beef System, Paving Way for Market Access 
Oil prices edged lower in early Tuesday trading after posting gains of more than 2% in the previous session, as commodity markets reacted to weakness in precious metals while remaining sensitive to escalating geopolitical tensions. Investors continue to balance short-term profit-taking against longer-term fears of potential supply disruptions stemming from global conflicts.
Brent crude futures for February delivery, which expire Tuesday, slipped 21 cents, or 0.3%, to $61.73 per barrel in early Asian trading. The more actively traded March Brent contract declined 19 cents, or 0.3%, to $61.30 a barrel. U.S. West Texas Intermediate crude also eased, falling 20 cents, or 0.3%, to $57.88 per barrel.
The modest pullback follows a strong rally in the previous session, when both benchmarks climbed over 2% after Russia accused Ukraine of targeting President Vladimir Putin’s residence. That claim heightened concerns about possible supply disruptions linked to the ongoing Russia–Ukraine conflict, even as Kyiv denied the allegations and said they were intended to derail peace negotiations.
According to analysts, the latest decline in oil prices was partly driven by spillover selling from precious metals. Silver and platinum retreated sharply on Monday after reaching record highs, as investors locked in profits following recent rallies. Market participants noted that broad-based corrections in commodities often influence energy prices as well.
Geopolitical risks remain a key factor underpinning oil market sentiment. In addition to tensions in Eastern Europe, traders are monitoring developments in the Middle East. U.S. President Donald Trump said Washington could support further strikes on Iran if it resumes rebuilding its ballistic missile or nuclear weapons programs, while also warning Hamas of severe consequences if it fails to disarm amid ongoing ceasefire negotiations with Israel.
Looking ahead, supply fundamentals are also pressuring prices. Saudi Arabia, the world’s largest oil exporter, is expected to cut February prices for its Arab Light crude sold to Asian buyers for a third consecutive month, reflecting ample global supply. Analysts warn that a growing oil glut could weigh on prices into the first quarter of 2026, despite persistent geopolitical uncertainty.
