Americandiary24: Oil steadies as Russia-Ukraine peace talks loom

Oil steadies as Russia-Ukraine peace talks loom

17 February 2025 / 23:47 | Energy | Follow contets:

Oil prices were broadly steady on Monday as investors monitored developments over a possible Russia-Ukraine peace deal that could increase global flows by easing sanctions, while reduced Caspian supply from a pumping station drone attack curbed any selling, AmericanDiary24 reports via Reuters.

Brent crude futures edged up 36 cents to $75.10 a barrel at 12:03 p.m. EST (1703 GMT). U.S. West Texas Intermediate crude rose 45 cents to $71.19 a barrel, with trade expected to be relatively muted due to the Presidents Day public holiday in the United States.

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