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Oil prices hold steady due to stalled Ukraine peace talks and supply outlook
CNBCยท 2025-12-05 15:09
Oil prices fell for a second day on Wednesday as investors waited to see if peace talks in the Russia-Ukraine war could open up more supply.Oil prices were steady on Friday, supported by stalled Ukraine peace talks, though gains were offset by expectations of a supply glut.Brent crude rose 41 cents, or 0.65%, to $63.67 per barrel by 10:07 a.m ET. U.S. West Texas Intermediate rose 36 cents, or 0.6%, to $60.03 a barrel."It is quite flat today and this week had a narrow trading range," said Tamas Vargas, an oi ...