Crude Oil Rises Amid Middle East Tensions as Markets Eye Trump-Putin Talks

From Investing.com: 2025-03-18 01:59:00

Tensions in the Middle East are supporting oil prices, while the market is closely watching talks between Donald Trump and Vladimir Putin. Oil prices rose due to Middle East tensions and strong Chinese economic data. European natural gas prices fell amid hopes of a Russia-Ukraine peace deal. The EU is probing aluminium imports to protect against US tariffs.

Sugar prices rose on reduced production estimates from Brazil and India. Physical values for Brazilian soybeans are trending higher due to trade tensions. Copper prices hit a five-month high after China unveiled a plan to boost consumption. The property sector in China remains a key factor affecting demand for copper and other industrial metals.



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