WTI Crude Hits Two-Month Low on Russia–Ukraine Peace Optimism
Key Factors:
Peace optimism driving down risk premium: Traders are responding to President Trump’s announcement of a meeting with President Putin on August 15, raising hopes for a ceasefire. This has reduced geopolitical risk pricing in oil markets.
OPEC+ adds pressure with output hike: A planned increase in production from OPEC+ has further pushed prices lower amid expectations of easing supply constraints
Policy and inflation data in focus: Market watchers are also keenly observing upcoming U.S. inflation figures, which could shape Federal Reserve policy—and indirectly influence oil demand.
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