Oil falls as Ukraine signals support for framework of Russia peace deal

Gold prices edged higher in early Asian trade, buoyed by expectations of potential interest rate cuts from the Federal Reserve. However, these gains were partially offset by progress in ongoing peace talks between Russia and Ukraine, as noted by ANZ.

Gold prices remained steady as traders assessed the potential for a U.S. interest rate cut against the backdrop of ongoing peace discussions in Ukraine. The market is closely monitoring economic indicators that could influence Federal Reserve policy decisions.

Oil prices have steadied near a month-low following indications of progress towards a peace deal in Ukraine, which could lead to the lifting of restrictions on Russian crude supplies amid a looming global oversupply. This stabilization comes after a period of volatility influenced by geopolitical developments.

U.S. presidential envoy Steve Witkoff recently advised a senior Kremlin official on a phone call about collaborating on a plan for Ukraine, indicating a potential shift in diplomatic strategies concerning the conflict. This outreach suggests an effort to align perspectives between the U.S. and Russia regarding Ukraine's future.

On November 25, 2025, Bloomberg Businessweek Daily featured a discussion on the potential nomination of Kevin Hassett as the next Federal Reserve Chairman, alongside insights into US cybersecurity challenges linked to AI and the philanthropic priorities of affluent women. The episode highlighted the growing influence of AI technologies, particularly in the context of companies like Google and Nvidia.

Oil futures have declined for the fourth time in five sessions following reports that Ukraine has agreed to a U.S.-drafted peace plan aimed at resolving the ongoing conflict with Russia, although some details remain unresolved.

Russian Finance Minister Anton Siluanov has identified the crackdown on the shadow economy as a primary goal for the year 2026. This initiative aims to address the challenges posed by unregulated economic activities within the country.

Copper prices surged towards $11,000 a ton in London as traders reacted to reports indicating that Ukraine has agreed to terms for a US-brokered peace deal, enhancing market sentiment amid tightening supply conditions.