Oil Prices Drop Below $60 Amid Ukraine Peace Talks and Supply Concerns
TL;DR Summary
Oil prices declined due to optimistic prospects for a Russia-Ukraine peace deal and weak Chinese economic data, which raised concerns about global demand, despite ongoing supply concerns and recent U.S. actions in Venezuela.
- Oil moves lower on Ukraine talks, weak China data CNBC
- Oil Holds Near Lowest Level Since 2021 on Ukraine Peace Hopes, Looming Oversupply The Wall Street Journal
- Oil Tumbles on Supply Glut Concerns. U.S. Gas Prices Near 5-Year Low Barron's
- Oil slips below $60 on Russia-Ukraine peace deal talks, weak China data Reuters
- Brent Oil Extends Slide Below $60 as Supply Surplus Signs Grow Bloomberg.com
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