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Oil prices rise to $62.96 as Ukraine-Russia peace talks stall...
04 Dec, 2025 11:54 91 min read
Oil prices edged higher due to Ukrainian attacks on Russian refineries—which have significantly curtailed processing capacity—and stalled peace talks that reduced expectations of a swift return of Russian crude to global markets. Despite the supportive geopolitical factors, price gains were tempered by underlying concerns over a market supply glut, with attention now turning to an anticipated U.S. interest rate cut.... More