Oil Prices Stabilize Amid Ukraine Peace Talks

Oil prices have stabilized following a significant drop, as traders await potential peace talks between Ukraine and Russia. The US and Ukraine held productive talks, but a deadline for securing Kyivs support may extend. Crude oil has been declining this year due to increased global output, with futures heading for their longest losing streak since 2023. Traders are watching for a Ukraine deal and potential sanction lifts, which could further boost supply. However, European leaders express concerns about the proposed framework, and Israels recent airstrike on Beirut adds to Middle East tensions. Key OPEC and allies members will meet on November thirtieth to discuss their policy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.