Low impact
The US, Ukraine and Europe reached preliminary consensus on next steps, with a US envoy set to meet Russian President Putin on the 21st; crude oil positioning remains net short while spot gold and silver long positions stay above 90%.
Jin1010/21, 09:46 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
WTI
Would push down
DaysMedium confidence
Diplomatic progress toward a Ukraine settlement could ease the geopolitical risk premium built into oil.
What could change this
If the Putin meeting fails to produce concrete de-escalation, oil's net-short positioning could instead spark a short-covering rally.
WTI before and after this story
103.44+3.99%vs previous close
+4.33%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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