Oil falls as potential Ukraine peace deal may ease supply disruptions
- Oil prices fell on Thursday on expectations a potential peace deal between Ukraine and Russia would mean the end of sanctions that have disrupted supply flows and US President Donald Trump's intention to introduce reciprocal tariffs stoked inflation jitters.
Brent and WTI fell more than 2% on Wednesday after Trump said Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a desire for peace in separate phone calls with him, and Trump ordered top US officials to begin talks on ending the war in Ukraine. Analysts at ANZ said in a note on Thursday oil prices eased on news of the potential peace talks because of "optimism that risks to crude oil supplies would ease.""Signs of tightening supply have been pushing up oil prices in recent weeks. US sanctions on Russian oil companies and vessels are said to have exacerbated the situation," they said.
A build in crude oil inventories in the US, the world's biggest crude consumer, also weighed on the market.
Potential Ukraine Peace Deal Russia US Business
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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