Oil Prices Fluctuate Amid Russia-Ukraine Tensions
Update: 2025-12-30
Description
Oil prices experienced a slight dip on Tuesday following a previous surge due to supply concerns stemming from Russia-Ukraine tensions. Brent crude and West Texas Intermediate crude both saw a decrease. The pullback was partly influenced by a drop in precious metals. Despite Kyiv denying Russias claims, geopolitical risks remain high, potentially pushing oil prices up again. Saudi Arabias plan to cut its crude price for Asian buyers suggests a growing oil glut, which could pull prices lower in the first quarter of next year. Checkout Solipillow.com
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