Oil falls as potential Ukraine peace deal may ease supply disruptions

Oil prices dropped on Thursday due to potential peace talks between Ukraine and Russia, which could end sanctions affecting supply flows. Brent fell to $74.63, and WTI to $70.85. Additionally, U.S. President Donald Trump’s plans for reciprocal tariffs and a rise in U.S. crude inventories increased concerns about economic growth and oil demand. Oil prices dropped on Thursday due to potential peace talks between Ukraine and Russia, which could end sanctions affecting supply flows. Brent fell to $74.63, and WTI to $70.85. Additionally, U.S. President Donald Trump’s plans for reciprocal tariffs and a rise in U.S. crude inventories increased concerns about economic growth and oil demand.  Economic Times