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Oil Prices Drop on Expectations of Ceasefire in Ukraine Unlocking Russian Supply

Summary by WTVB
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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Oil prices drop on expectations of ceasefire in Ukraine unlocking Russian supply

Oil prices fell Thursday on expectations of a Ukraine‑Russia ceasefire which could pave the way for the unwinding of Western sanctions against Russian supply.

·United States
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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% …

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U.S. News broke the news in New York, United States on Wednesday, November 26, 2025.
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