The price of Brent barrel futures has fallen almost 6% in the last 30 days. This is one of the reactions of investors to pacification taking place in Eastern Europebetween Russians and Ukrainians.
Negotiations reached a maximum relative to October 27thwhen negotiations ended above 65 dollars per barrel of Brent. Since then, the value fell 5.8%, reaching 61.77 dollars (value at 3:46 pm this Wednesday, November 26th).
At its origin are increasingly significant signs that Russia and Ukraine can reach a peace agreementwith the support of Donald Trump, President of the USA. If this objective is achieved, the EU could lift sanctions on Russia, which would mean greater oil supply on the European market and, consequently, a reduction in prices.
In this context, the Brent futurestraded on the UK stock exchange, are showing stability in Wednesday’s session, after falling 1.4% the day before. Furthermore, Ukraine’s national security secretary, Rustem Umerov, made it known that Volodymyr Zelensky may visit the US in the next few dayswith a view to meeting with Donald Trump, in order to conclude a peace agreement.
Natural gas follows negative trend
Os European-listed Natural Gas futures (TTF) are also downnegotiating around 29.5 euros per MWh. This is the first time in a year and a half that prices have dropped below the 30 euro mark.
Since last Tuesday, there has been a devaluation of 7%which took trading to March 2024 lows.