💨 Abstract

Oil prices remained at a two-month low on Wednesday due to potential peace talks between Russia and Ukraine. The U.S. and Ukraine agreed on a draft minerals deal, which could potentially lift Russian sanctions, reducing supply uncertainty. Lower U.S. crude stockpiles also provided some support. The U.S. crude stocks fell by 640,000 barrels, marking the first decline since mid-January, according to market sources.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖