Oil Dips in Thin Post-Christmas Trade Amid Ukraine Talk Progress

Petroleum Geochemistry I Ariana Energy Researchers
Date: 28 December 2025|

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Bloomberg—Oil slumped in muted post-Christmas trading as investors assessed a fresh development in long-stalled Ukraine peace talks which could lead to a deal that allows more Russian oil into global markets grappling with oversupply.

West Texas Intermediate edged down 2.8% on Friday to settle near $57 a barrel, the biggest drop since mid-November, while Brent ended below $61. Ukrainian President Volodymyr Zelenskiy said he expects to meet with US President Donald Trump in Florida on Sunday about ending Russia’s war, adding that his country’s framework deal with the US was “almost ready” and signing it will depend on the upcoming meeting.

 

 
 
 
 
 
 
 
 
 
 
 

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