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Trump speaking with ABC news in the US:said that he isn’t thinking about extending the ceasefire adding that he doesn’t think it will be necessary. “I think you’re going to be watching an amazing two days ahead. I really do,” Oil as remained heavy and shares supported through the session here.
This article was written by Eamonn Sheridan at investinglive.com.
💡 DMK Insight
Trump’s comments on the ceasefire could impact oil prices significantly in the coming days. If traders interpret his remarks as a signal for increased tensions, we might see a spike in oil volatility. With oil already under pressure, any hint of conflict escalation could push prices higher, especially if geopolitical risks rise. Keep an eye on the $80 per barrel level; a break above could trigger further buying. Conversely, if the market views his comments as stabilizing, we might see oil prices consolidate. Additionally, equities could react to oil price movements, particularly energy stocks, which often correlate with crude fluctuations. Watch for trading volume and sentiment shifts in the next few days as the situation unfolds.
📮 Takeaway
Monitor oil prices closely, especially around the $80 level, as Trump’s comments could trigger volatility in the coming days.
