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Oil Prices Fall on Russia-Ukraine Peace Deal Talks
Oil prices dropped below $60 per barrel as peace talks raised hopes of easing sanctions on Russian oil, contributing to concerns about an oversupplied market in 2026, analysts said.
- On Tuesday, oil prices fell in early trading as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of eased sanctions across global oil markets.
- The U.S. offered NATO-style security guarantees for Kyiv at talks in Berlin, and reported progress yesterday heightened hopes talks could end the conflict.
- IG market analyst Tony Sycamore warned that `soft Chinese economic data fueled concerns global demand may not absorb supply growth`.
- ANZ analysts said crude fell as the market weighed optimism on a peace deal, raising concerns that U.S. sanctions on Russian oil companies would be lifted, adding to supply.
- China's factory output slowed to a 15-month low on Monday, while the U.S. seizure of an oil tanker off Venezuela last week and Chinese buyers from Venezuela limited market gains as territorial concessions remained unresolved.
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Watauga Democrat+16 Reposted by 16 other sources
Stocks mostly retreat on US jobs, oil drops on Ukraine hopes
Stock markets mostly fell Tuesday as the US jobless rate hit its highest level since 2021, while oil prices slumped on renewed hopes for an end to Russia's war in Ukraine.
·Calhoun, United States
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Moneycontrol+2 Reposted by 2 other sources
Oil slips below $60 on Russia-Ukraine peace deal talks, weak China data
China's factory output growth slowed to a 15-month low, official data showed. Retail sales also grew at their slowest pace since December 2022, during the COVID-19 pandemic.
·India
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Coverage Details
Total News Sources90
Leaning Left6Leaning Right11Center20Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 16%
C 54%
R 30%
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