According to @KobeissiLetter, headlines emerged that President Trump quietly approved a 28-point peace plan between Russia and Ukraine earlier this week. According to @KobeissiLetter, oil prices topped out at $60.50 per barrel at 4:40 AM ET today. According to @KobeissiLetter, by 8:10 AM ET, less than four hours later, oil prices were down from the session high, signaling a rapid, headline-driven intraday reversal.

According to @KobeissiLetter, NBC reports that President Trump has quietly approved a 28-point Russia-Ukraine peace plan that includes security guarantees aimed at a lasting peace; traders are monitoring headline-driven volatility in Brent/WTI, European natural gas (TTF), EUR/USD, USD/RUB, defense equities, and risk assets including BTC and ETH for potential risk-premium repricing. Source: NBC via @KobeissiLetter.