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Oil Settles Slightly Higher as Moscow Peace Talks Fail to Reach Breakthrough

HOUSTON, Dec 3 : Oil prices settled higher on Wednesday after the U.S. and Russia failed to reach a deal to end the war in Ukraine that could have eased sanctions on Moscow's oil sector, though gains were held back by fears of oversupply.Brent crude closed 22 cents, or 0.4 per cent, higher at $62.67, while U.

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Washington, United States. Oil prices rebounded this Wednesday in the face of lack of progress in talks between Moscow and Kiev, in a context in which sales of Venezuelan crude oil to European oil companies are also plummeted after the revocation of permits to operate in that country.The price of the North Sea Brent barrel for delivery in February rose 0.35% to $62.67. Its US equivalent, the West Texas Intermediate barrel (WTI), for delivery in …

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Business Recorder broke the news in on Wednesday, December 3, 2025.
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