Crude oil settles at $58.64. Up $0.68 or 1.15%.The market was driven largely by shifting headlines out of Russia. Early optimism over a potential U.S.-brokered peace proposal involving Envoy Witkopf and Jared Kushner helped push prices higher.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Pulls Back As Traders Focus On U.S. – Russia Talks.Trump's special envoy Witkoff is discussing the details of a Ukraine peace plan with Russia's Putin in Moscow.
US Dollar Forecast: DXY Trapped by MAs as Traders Make a Big Bet on a Dovish Fed.DXY holds near 99.44 as traders bet big on a dovish Fed, while 50-day support and 200-day resistance keep the dollar boxed in ahead of the FOMC meeting.