Oil Prices Drop on Expectations of Ceasefire in Ukraine Unlocking Russian Supply
14 Articles
14 Articles
Oil prices fell amid expectations of a ceasefire between Ukraine and Russia, which could pave the way for the lifting of Western sanctions on Russian supplies. This was reported by RBC-Ukraine with reference to Reuters. Brent crude futures reportedly fell by 33 cents, or 0.5%, to $62.8 per barrel, while West Texas Intermediate (WTI) futures lost 32 cents, or 0.6%, to $58.33 per barrel. Earlier, on Wednesday, both contracts increased by about 1% …
Oil prices drop on expectations of ceasefire in Ukraine unlocking Russian supply - Regional Media News
By Yuka Obayashi TOKYO (Reuters) -Oil prices fell on Thursday on expectations of a Ukraine‑Russia ceasefire which could pave the way for the unwinding of Western sanctions against Russian supply, though trading was set to remain thin due to the U.S. Thanksgiving holiday. Brent crude futures shed 21 cents, or 0.3%, to $62.92 a barrel as of 0108 GMT, while U.S. West Texas Intermediate crude futures dropped 21 cents, or 0.4%, to $58.44 a barrel. Bo…
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