From Investing.com: 2025-02-26 00:18:00

Energy prices are facing pressure due to demand concerns and progress towards a Russia-Ukraine peace deal. ICE fell by 2.35%, with WTI trading below $70/bbl. US crude oil inventories fell by 600k barrels, the first decline since mid-January. European gas prices dropped by 6%, with German utilities calling for storage rule adjustments.

COMEX copper surged after a national security investigation into copper imports, potentially leading to tariffs. The US imports 45% of its copper needs, causing COMEX copper futures to rise over 3%. The COMEX/LME arbitrage widened towards $900/t, impacted by the risk of copper tariffs and recent volatility in the market.



Read more at Investing.com: Crude Oil: Dip Could Extend Amid Ukraine Peace Prospects, Demand Concerns