Oil prices are soaring today as speculations about a 3 party US-Russia-OPEC deal intensify. Following comments from president Trump, now we have news of Saudis calling for urgent OPEC+ meeting. Markets hope for a 10mbd cut! OIL is up over 20% after gaining as much as 40% at one point!

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉
NATGAS muted amid EIA inventories change report