Russia's Defense Minister said a ceasefire will begin at 0400 local time, according to IFX.
FinancialJuice10/23, 11:02 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
WTI
Would push down
DaysMedium confidence
A ceasefire, if it holds, could ease the geopolitical risk premium currently supporting crude.
What could change this
If the ceasefire fails to hold or is not confirmed, the oil risk premium may remain elevated.
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