Oil Falls 2% on Looming Supply Glut, Hopes of Ukraine Peace Deal | Profit by Pakistan Today

diario.mx

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Oil prices fell by more than $1 a barrel this Friday, as investors weighed the impending global oversupply and the reduction of the war risk premium, in the hope of a peace agreement in Ukraine before the talks this weekend between the Ukrainian President, Volodymyr Zelenskiy, and the U.S. President, Donald Trump. Brent crude futures dropped by $1.03 (1.65 per cent), to $61.21 per barrel. US crude West Texas Intermediate (WTI) lost $1.05 (1.8 pe…

Hospodárske Noviny

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Oil prices fell more than 2.5 percent at the end of trading this week, with Brent falling to $60.50 per barrel (159 liters). Investors expect supply to outstrip demand next year and are watching the progress of talks to end the war in Ukraine. A possible agreement could ease sanctions on Russia's oil sector, which would further increase the volume of the commodity on the markets, Reuters and Bloomberg reported. The price of the North Sea Brent c…

trend.sk

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A potential end to the conflict in Ukraine could bring an easing of sanctions on the Russian oil sector, increasing the volume of oil on the markets.

Bani.md

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Oil prices are headed for their biggest annual drop in five years, amid a global supply glut and hopes for a possible peace deal in Ukraine. According to Reuters, quotes fell by more than a dollar a barrel on Friday, as investors assessed the risk of excess supply and the reduction in the risk premium associated with the war, in the context of negotiations scheduled this weekend between Ukrainian President Volodymyr Zelensky and former US leader…