Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
Oil prices fell about 1% on Tuesday as traders weighed fading optimism over Russia-Ukraine peace talks against renewed concerns about global oversupply. Brent crude settled 1.14% lower at $62.45 a barrel, while U.S. West Texas Intermediate dropped 1.15% to $58.64. The pullback followed gains of more than 1% for both benchmarks on Monday.
Market sentiment shifted as attention turned to diplomatic efforts in Moscow, where Russian President Vladimir Putin met with U.S. President Donald Trump’s special envoy Steve Witkoff and Jared Kushner. Analysts said expectations for a breakthrough that could ease restrictions on Russian oil exports initially supported prices, but confidence has since weakened. According to Clayton Seigle of the Center for Strategic and International Studies, any hopes for a quick resolution are likely premature, and geopolitical risks continue to threaten energy markets.
Oil traders also reacted to Putin’s sharp warnings to European powers, including threats to cut off Ukraine’s access to the sea following drone attacks on Russia’s “shadow fleet” in the Black Sea. At the same time, Putin is preparing for a visit to India to strengthen energy and defense ties, including potential expansions in Russian oil sales.
Phil Flynn of Price Futures Group noted that Russia’s mixed signals briefly boosted expectations for steady oil flows to India before Putin’s comments reignited concerns over stalled peace efforts.
Oversupply worries added further pressure, though they were partially offset by attacks on Russian infrastructure and rising tensions between the U.S. and Venezuela. Meanwhile, the Caspian Pipeline Consortium restarted shipments after a weekend drone strike, and a Russia-flagged tanker reported another attack near Turkey.
The U.S. API report showed crude, gasoline, and distillate stockpiles all rising in the week ended November 28, reinforcing fears of a growing supply glut. OPEC+ maintained its output targets for the first quarter of 2026, signaling caution as the group monitors potential market imbalances.
