Oil prices decline amid Ukraine peace talks and sanctions
after close1 source ↓written by the desknot a recommendation
- per barrel
- $58
- Brent settled near
- $63
Oil prices fell as Ukrainian President Zelenskiy agreed to pursue a peace plan, coinciding with impending US sanctions on Russian oil giants. West Texas Intermediate dipped toward $58 per barrel, while Brent settled near $63. If sanctions are lifted, it could exacerbate a market surplus next year, impacting oil supply dynamics.
Not investment advice. For informational purposes only.