Ukraine-Russia Peace Talks Boost Oil Prices

Crude oil prices plummeted today, with WTI and gasoline futures both down by 1.75%, as hopes for a Ukraine-Russia peace deal surged. Ukrainian President Zelensky announced his plan for a 20-point peace agreement, but Russia criticized it as incomplete. Meanwhile, U.S. strikes on ISIS targets in Nigeria and Ukrainian drone attacks on Russian refineries and tankers added supply concerns. OPEC+ plans to pause production hikes, but U.S. inventories remain low and rig counts are rising. All eyes are on this weekends meeting between Zelensky and Trump, as traders weigh peace optimism against supply squeezes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.