Reported 2 days ago
Oil prices remained stable as discussions continued between the US and Russia to end the conflict in Ukraine, even as Kazakhstan faced disruptions in crude exports. Brent futures hovered around $75 per barrel following a meeting where both countries acknowledged the need for ongoing talks, despite an anticipated summit between their leaders being unlikely. Additionally, OPEC+ is contemplating delaying planned supply increases due to geopolitical tensions, suggesting a strategic aim to maintain prices above $70-$74 per barrel.
Source: YAHOO