- Oil fell after Trump claimed an energy ceasefire in the Ukraine war. The announcement follows a diesel deal with Putin as the US president tries to contain higher fuel costs ahead of an election.
- The won rose to a two-year high against the dollar on lower oil prices and heavy dollar selling by local companies, gaining as much as 0.8% to 1,333.30 before trimming to 0.5%.
- US equity-index futures advanced after crude oil declined, erasing an earlier gain triggered by Houthi attacks on Saudi Arabia.
Quotes
“Announcement follows diesel deal with Putin as US president tries to contain impact of higher fuel costs ahead of election”
“supported by lower oil prices and heavy dollar selling by local companies”
“erasing an earlier gain triggered by Houthi attacks on Saudi Arabia”