Oil prices saw a slight rebound after a dip, as Ukraine signaled progress towards a peace deal with Russia. This potential agreement could lead to the lifting of sanctions on Russian oil, a development that market analysts suggest might drive prices lower. Meanwhile, expectations of a U.S. Federal Reserve interest rate cut are offering some support to crude.
Source link
Oil stabilises after Ukraine peace talks push prices to one-month lows
Oil prices saw a slight rebound after a dip, as Ukraine signaled progress towards a peace deal with Russia. This potential agreement could lead to the lifting of sanctions on Russian oil, a development that market analysts suggest might drive prices lower. Meanwhile, expectations of a U.S. Federal Reserve interest rate cut are offering some support to crude.
Source link