24 Nov 2025 | 5 Mins Read
Oil prices drop amid Ukraine peace talks' progress
Flipitmoney
Oil prices slid as Russia-Ukraine peace talks progressed towards a solution, with Brent crude falling 0.22% to $62.42 and WTI down 0.26% to $57.91. A peace deal could lift sanctions on Russia, flooding the market with previously sanctioned supply and increasing oil production. US President Trump's push for a deal outweighed the near-term impact of US sanctions on Rosneft and Lukoil.