Oil dips on hope of Ukraine truce but risks prevail

Show notes

Markets are opening the week with hope over fears. Trump’s meeting with Putin brought no new sanctions or tensions, keeping crude under pressure — but the real spotlight is on today’s summit with Zelenskyy and key European allies as Trump will relay Moscow’s demands to end the war. Will progress be made, or will disappointment bring oil bulls back? This morning, US crude rebounds from an early dip. Equities are firm, the US dollar softer, and gold in demand as investors hedge the risks. Next hours will be important for sentiment and direction.
Besides Trump, eyes will turn to Powell’s speech at Jackson Hole later this week. The questions is: will geopolitics and central banks keep markets steady — or is volatility about to return?
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