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Oil Prices Fall on Russia-Ukraine Peace Deal Talks
Oil prices dropped due to rising hopes for easing U.S. sanctions on Russian oil and weaker Chinese demand, with Brent crude down 0.6% and WTI down 0.6%, 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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The Sanford HeraldReposted by 
Idaho County Free Press
Idaho County Free PressStocks retreat ahead of US jobs, oil drops on Ukraine hopes
Stock markets mostly fell Tuesday as investors prepared for key US jobs and inflation data, while oil prices slumped on renewed hopes for an end to Russia's war in Ukraine.
·Sanford, United States
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Oil prices continue to fall on Tuesday, undermined by the talks on Ukraine and the prospects for abundant supply. ...
·Brussels, Belgium
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Price pressures from peace expectations in Ukraine and weak Chinese data
The price of Brent crude oil slipped below $60 on Tuesday morning, for the first time since May. Specifically, Brent was down by up to 1%, with the price… Oil: Prices fall due to Ukraine and China – Brent below $60 for the first time since May - ΙΝΑΤΕΜΟΠΟΡΙΚΙ
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Total News Sources17
Leaning Left0Leaning Right4Center4Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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