BREAKING: Putin declares that Kyiv is not ready to make concessions

Vladimir Putin announced that Kyiv is not eager to make peaceful concessions in the face of the war in Ukraine. Additionally Russia put sanctions on President Biden and other American politicians and submitted a request to leave the council of Europe, according to Tass. This news again brought back risk-off sentiment to the markets. The German DE30 fell nearly 1% after the announcement. Gold and oil slightly gained. However, it is worth remembering that today's session brings a continuation of the downward movement on the crude oil market. WTI prices fell nearly 6.0% and trades around $ 97.00 a barrel. Brent oil is doing marginally "better", losing almost 5%. Oil prices erased almost all gains resulting from the outbreak of the war in Ukraine.

Today, WTI crude oil tested its 50-day exponential moving average (blue line). Source: xStation5

8 July 2026, 3:49 PM

BREAKING: US oil inventories rise, but Brent crude is already testing nearly 80 USD

8 July 2026, 3:15 PM

Iran: A perpetual conflict, but not perpetual declines

8 July 2026, 12:35 PM

🛢️Will oil return to $100 per barrel? Trump points to the end of the ceasefire

8 July 2026, 10:28 AM

Oil price surge on US/Iran

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