Oil Prices Continue to Fall on the Prospect of a Ukraine Peace Deal

A crude oil price decline that started last week extended today with a fresh dip for the benchmarks amid multiplying signs that the end of the war in Ukraine may well be on the way. Brent crude was trading at $74.77 per barrel at the time of writing, and West Texas Intermediate was changing hands for $70.68 per barrel as top U.S. officials prepare for peace talks with Russia this week in Saudi Arabia. The talks caused quite a stir in European capitals after President Trump’s Ukraine envoy Keith Kellogg declared flatly that neither the Ukraine…