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The Commodities Feed: Copper hits record highs amid tariff risks
Oil prices slid after Russia and Ukraine agreed to a maritime ceasefire. The move, though, was short-lived with crude oil prices trading higher in early morning trading today. This renewed strength comes as Russia insists that some conditions for the ceasefire are met before committing. They include lifting some sanctions on Russian banks and companies involved in the trade of agricultural products. In addition, any increase in oil supply could be limited, as Russia diverted oil flows to other markets following Western sanctions, so having little impact on supply. It's not entirely clear when the ceasefire would come ... (full story)