Reported 1 day ago
In early Asian trading on Tuesday, oil prices fell as market participants considered the possibility of upcoming three-way negotiations between Russia, Ukraine, and the U.S. aimed at ending the ongoing conflict. This development could pave the way for lifting sanctions on Russian crude. Brent crude futures dropped to $66.53 a barrel, while U.S. West Texas Intermediate futures decreased to $63.36 per barrel. U.S. President Trump has initiated discussions for a meeting between Russian President Putin and Ukrainian President Zelenskiy, emphasizing the need for security guarantees for Ukraine and the potential impact on oil prices.
Source: YAHOO