Market Analysis

[MARKET ANALYSIS] Oil futures tumble and metal prices rally following the ceasefire announcement

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WTI/Brent: WTI May'26 -13.8% / Brent June'26 -12.7%Oil prices tumbled beneath the USD 100/bbl level following the announcement of a two-week US-Iran ceasefire within a couple of hours prior to Preisdent Trump's deadline.Gold: +2.2%Rallied back above the USD 4,800/oz level as oil, the dollar and yields retreated on the two-week ceasefire announcement.Copper: +2.6%Climbed higher amid the widespread risk-on mood with a relief rally spurred by the ceasefire agreement.

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