Crude Oil Prices Fall as Investors Refocus on Russia-Ukraine Peace Negotiations Amid Venezuela Tanker Seizure
Peace talks compress oil risk premium despite tanker seizure and supply disruptions.
Insights:
Oil prices declined on Thursday as investors shifted their attention back to peace negotiations between Russia
RU and Ukraine
UA, weighing the potential for reduced geopolitical risk premiums against ongoing supply disruptions. Brent crude futures fell 81 cents, or 1.3%, to $61.40 per barrel at 0904 GMT, while West Texas Intermediate crude dropped 78 cents, also 1.3%, to $57.68 per barrel.
RU and UkraineUA, weighing the potential for reduced geopolitical risk premiums against ongoing supply disruptions. Brent crude futures fell 81 cents, or 1.3%, to $61.40 per barrel at 0904 GMT, while West Texas Intermediate crude dropped 78 cents, also 1.3%, to $57.68 per barrel.Russian Foreign Minister Sergei Lavrovsergei lavrov stated Thursday that the visit to Moscow this month by U.S.
US envoy Steve Witkoffsteve witkoff had resolved misunderstandings between the two countries. Lavrov added that Moscow had delivered Russian proposals on collective security guarantees to Washington. The diplomatic developments come at what leaders from the United Kingdom
GB, France
FR, and Germany
DE described as a critical moment, following a call with President Donald Trumpdonald trump to discuss peace efforts aimed at ending the war in Ukraine.
US envoy Steve Witkoffsteve witkoff had resolved misunderstandings between the two countries. Lavrov added that Moscow had delivered Russian proposals on collective security guarantees to Washington. The diplomatic developments come at what leaders from the United KingdomGB, FranceFR, and GermanyDE described as a critical moment, following a call with President Donald Trumpdonald trump to discuss peace efforts aimed at ending the war in Ukraine.
