Oil prices remained almost unchanged on December 30 as investors wait for clarifications on peace talks with Ukraine to assess potential supply disruptions.
It was reported by Ekonomichna Pravda with reference to Reuters.
The report says that Brent crude oil futures for February delivery, which expire on Tuesday, fell by 2 cents to USD 61.92 per barrel
The contract for March cost USD 61.44, which is 5 cents less.
The price of West Texas Intermediate crude oil fell by 5 cents to USD 58.
It is noted that oil prices rose more than 2% higher in the previous session after russia accused Ukraine of allegedly striking putin's residence, which increased fears of supply disruptions.
Thus, according to experts, the escalation of geopolitical tensions, despite US President Donald Trump's statement that a peace deal could be close, could affect oil prices.
In addition, traders were concerned about events in the Middle East after Trump's statement that the United States could support another large-scale strike against Iran if Tehran resumes its ballistic missile or nuclear weapons program.
The US president also warned the Hamas group of serious consequences if the militants do not lay down their arms and said he wanted to move to the second phase of the ceasefire agreement between Israel and Hamas reached in October.
Despite growing concerns about possible supply disruptions due to geopolitical tensions, analysts believe that the global market remains oversupplied, which could limit price increases.
As the Ukrainian News agency earlier reported, on Tuesday, December 23, oil prices remained almost unchanged after rising by more than 2% in the previous session, amid US statements about the possible sale of confiscated Venezuelan oil and Ukraine's attacks on russian ships and berths, which heightened fears of supply disruptions.
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