West Texas Intermediate<\/a> crude\u00a0eased 20 cents, or 0.3%, at $57.88.<\/p>\nBoth contracts\u00a0settled more than 2% higher in the previous session after Moscow\u00a0accused\u00a0Kyiv of targeting President Vladimir Putin’s residence, stoking fears of supply disruptions.<\/p>\n
“The selling you are seeing now is probably some spillover weakness generated by the significant correction we saw in precious metals that is bound to impact pretty much every other commodity,” Marex analyst Ed Meir said.<\/p>\n
Precious metals retreated sharply on Monday, with silver and platinum falling from record highs, as investors booked profits after recent rallies.\u00a0<\/p>\n
“I think the markets are sensing that a deal is going to be very hard to come by,” Meir said.<\/p>\n
Kyiv has dismissed as baseless Russia’s accusation that it was targeting Putin and said it was designed to undermine peace negotiations.<\/p>\n
The escalating geopolitical tensions could revive supply disruption fears and pressure\u00a0oil\u00a0prices higher.<\/p>\n
Traders were also worried about Middle East developments, after President Donald Trump\u00a0said\u00a0the United States could support another major strike on Iran were it to resume rebuilding its ballistic missile or nuclear weapons programs.<\/p>\n
Trump also warned Palestinian militant group Hamas of severe consequences if it does not disarm, adding he wanted to move to the second phase of the ceasefire deal between Israel and Hamas reached in October after two years of fighting in Gaza.<\/p>\n
Looking ahead to other near-term catalysts, Saudi Arabia, the world’s biggest\u00a0oil\u00a0exporter, is expected to\u00a0lower\u00a0the February price for its flagship Arab Light crude for Asian buyers for a third month, mirroring declines in the spot market due to ample supplies, sources said.<\/p>\n
“Price direction is likely lower going into Q1 of 2026 as there is a growing\u00a0oil\u00a0glut on the market,” Meir added.<\/p>\n","protected":false},"excerpt":{"rendered":"Oil prices retreated a touch early on Tuesday after rising more than 2% in the previous session. Jenner…\n","protected":false},"author":2,"featured_media":210940,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[941,357,60097,54,1435,42,30937,190,43,16755,2388,40,38,41,39,2637,60098],"class_list":["post-210939","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-breaking-news-markets","tag-business-news","tag-commodity-markets","tag-donald-trump","tag-energy","tag-headlines","tag-ice-brent-crude-oct25","tag-markets","tag-news","tag-oil-and-gas","tag-russia-ukraine-war","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-vladimir-putin","tag-wt-offshore-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/210939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=210939"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/210939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/210940"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=210939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=210939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=210939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}