Oil Ticks Up As Ukraine Ceasefire Negotiations Stumble

Crude oil prices extended their gains from Thursday on news that peace negotiations between Russia and Ukraine have stalled, with both Brent crude and West Texas Intermediate adding more than 2 percent shortly after the start of trade today. Oil prices later gave up some of those gains. Negotiations have been ongoing, and earlier this week, the Financial Times reported, citing unnamed sources close to the talks, that "significant progress" had been made on a peace plan, albeit tentative, and on a ceasefire agreement. Negotiators cited by Al Jazeera,…