Oil Prices Dip on Ukraine Peace Talks, US-China Talks
Update: 2025-11-25
Description
Oil prices took a dip this week, with Brent crude falling towards sixty-three dollars a barrel and West Texas Intermediate dropping below fifty-nine dollars. This decline was due to positive developments in Ukraine peace talks, which could lead to increased oil supplies. Despite this, oil has been on a downward trend this year, with futures looking at their fourth consecutive monthly decline in November. US Army Secretary Dan Driscoll is currently in Abu Dhabi, engaging in meetings with Russian representatives, which could further influence oil prices.
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