After a rebound triggered by the American sanctions against Russia at the beginning of the year, the price of oil fell at the end of January, then again at the end of February. In 2025, the global market is expected to remain in surplus according to the International Energy Agency (IEA), due to increased supply from the United States, Brazil and OPEC. On the European gas market, tensions have reappeared particularly after the cessation of Russian gas deliveries via Ukraine at the end of December, but the price eased somewhat in February with the prospect of negotiations on the Ukrainian conflict. In addition, climate hazards continue to fuel the volatility of food commodity prices, and precious metal prices remain at record levels, boosted by an uncertain economic environment...