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Oil plunge could be short-lived, gold lower

Oil drops as Ukraine crisis eases Crude prices declined over expectations that Russia may soon pull some troops and on optimism that an Iran nuclear deal is within reach. Profit-taking with oil was inevitable after Russia’s Defense Ministry stated that some troops are starting to return to their regular bases after completing drills. Talks between German Chancellor Scholz and President Putin supported market expectations that an imminent Russian invasion seems less likely. The Ukraine situat

15-02-2022 15:23 GMT by Edward Moya

Oil and gold dip as Ukraine crisis eases

USD 100 oil delayed as Ukraine tensions ease Oil prices have pulled back from yesterday's highs and are off more than 3% on the day as invasion fears recede. Brent and WTI had been on the march to USD 100 but the removal of troops has reduced the likelihood of conflict and, in turn, the risk premium.

15-02-2022 09:20 GMT by Craig Erlam