💨 Abstract

Oil prices fell to two-month lows on Wednesday due to a surprise build in U.S. fuel stockpiles and potential peace talks between Russia and Ukraine. The build in gasoline and distillate inventories, despite a drop in crude oil stockpiles, suggested demand weakness. Furthermore, a draft minerals deal between the U.S. and Ukraine could lead to Russian sanctions being lifted, reducing supply uncertainty.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖