Oil Prices Rebound, Eye on Ukraine-Russia Peace Talks
Update: 2025-11-26
Description
Oil prices experienced a minor uptick in early Asian trading on Wednesday, following a one-month low the previous day. Despite this, the market remains cautious due to ongoing peace negotiations between Ukraine and Russia. The American Petroleum Institute reported a drop in U.S. oil inventories, and traders are awaiting official data from the Energy Information Administration. Theres also hope for a potential interest rate cut by the Federal Reserve, which could strengthen oils value. However, supply disruptions remain a concern, particularly as both Russia and Ukraine continue to target energy infrastructure.
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