Market Pulse - Commodities
EU fails to agree on Russian oil price cap, talks set to continue
European Union ambassadors failed to agree on the exact level of a proposed price cap on exports of Russian crude oil overnight.
US and EU set to announce price cap for Russian oil on Wednesday
Washington and its allies were set to announce the level of the price cap for exports of Russian crude oil on Wednesday.
Gazprom says it may curb gas flows through Ukraine, alleges Kyiv taking supplies
Gazprom announced that flows of natural gas through the last remaining pipeline to Western Europe.
Chinese buyers pause some purchases of Russian crude ahead of price cap details
Chinese buyers of Russian Eastern Siberia Pacific Ocean crude oil had paused their purchases ahead of the expected announcement of Washington's proposed oil price cap.
Expectations for February/March Fed pivot 'big mistake', BofA says
Expectations for a pivot by the Federal Reserve between February and May are a "big mistake", Bank of America strategists led by Michael Hartnett said.
Russia said to be likely to extend Black Sea grain export deal
Moscow was expected to agree to an extension of a United Nations-brokered deal to allow exports of Ukrainian and Russian grain and farm products through the Black Sea.
Rabobank chops 12-month forecast for euro-dollar
Analysts at Rabobank took an axe to their forecasts for euro/dollar in 2023, telling clients that the currency had yet to price in the fallout of the Continent's energy crisis.