Global oil prices fell for a second day as weak demand and rising US inventories weigh on markets. Investors eye Ukraine peace talks for signs of Russian supply changes. Brent crude trades at $62.32 a barrel.
Global oil prices decline on expectations of Ukraine-Russia ceasefire unlocking Russian supply. Brent crude drops to $62.92 amid thin Thanksgiving trading. Read latest market analysis.
Oil futures climbed higher as technical buying and declining US inventories sparked market optimism. Brent crude approaches $84 while WTI gains momentum amid supply concerns.
Global crude oil markets face downward pressure as Middle East conflicts show signs of de-escalation and inventory data reveals unexpected supply builds, potentially signaling the end of recent price rallies.