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Oil Trades Sideways With Market Focused on Russia-Ukraine
Barrons· 2025-11-26 14:44
Group 1 - Oil futures are currently stable as the market is focused on the U.S. peace plan for Russia-Ukraine, which could reduce the risk premium supporting oil prices amid oversupply concerns [1] - Peter Cardillo from Spartan Capital notes that crude oil remains trendless as bearish market conditions intensify [2] - The EIA is expected to report a weekly U.S. inventory draw of 1.3 million barrels for crude oil, along with small increases in gasoline and diesel stocks [2]
Oil Futures Edge Up in Early U.S. Trade
Barrons· 2025-11-24 14:22
Group 1 - Oil futures are experiencing a slight increase in early U.S. trading after a previous decline linked to U.S. efforts to facilitate peace talks between Russia and Ukraine [1] - The downturn in U.S. diesel and European gasoil futures is attributed to expectations that the U.S. may eventually lift sanctions on Russia, which has weakened recent support for crude oil prices [1] - Concerns regarding oversupply in the oil market continue to persist, impacting market dynamics [1] Group 2 - As the month concludes, the crude markets are expected to remain pivotal, with diesel leading both upward and downward movements in prices, according to market analysts [2]