After pulling back heavily yesterday, oil prices are up slightly, with WTI crude hitting $98.59. With Russian and Ukrainian talks yesterday having no positive outcome, Russia seems to be under more pressure to end the invasion with a swift victory of Kyiv. However, the invasion has been anything but swift, and the sanctions imposed by […]
Russia and Ukraine looking for compromise in peace talks Russia and Ukraine both emphasised new-found scope for compromise on Wednesday as peace talks were set to resume three weeks into a Russian assault that has so far failed to topple the Ukrainian government. Ukraine’s President Volodymyr Zelenskiy said the talks were becoming “more realistic”, while […]
Yesterday, crude prices finished down but slightly stronger than the morning on news that Russia would not increase production into next month. Crude oil futures have jumped this morning by over 20% after President Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war. Trump said […]
Yesterday, crude oil and refined fuels futures prices fell sharply, with WTI crude briefly dipping below $20 bbl after the United States announced extended travel restrictions and social distancing guidelines to last through the end of April, further denting the outlook for global oil demand. Crude prices are up this morning after climbing off 18-year […]
