Oil Prices Down on Potential Ukraine Peace Deal ...Middle East

OILPRICE - Economy
Oil Prices Down on Potential Ukraine Peace Deal
source : OILPRICE ( Middle East ) () 54
Crude oil prices moved lower on Thursday on the prospect of a peace deal for Ukraine, following a statement by President Donald Trump who said the presidents of both Russia and Ukraine had separately expressed a willingness to reach a peace deal. At the time of writing, Brent crude was trading at $74.55 a barrel, with West Texas Intermediate at $70.79 a barrel, after booking another daily drop Wednesday after the Energy Information Administration reported a weekly inventory build of 4.1 million barrels for the week to February 7. Meanwhile, President…

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