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Oil extends decline on possible Russia-Ukraine peace deal
Reutersยท 2025-11-21 02:27
Core Viewpoint - Oil prices have been declining for three consecutive sessions due to geopolitical developments and economic uncertainties [1] Group 1: Oil Market Dynamics - The U.S. is advocating for a peace deal between Russia and Ukraine, which could potentially increase oil supplies in the global market [1] - The ongoing uncertainty regarding U.S. interest rate cuts is affecting investor risk appetite, contributing to the decline in oil prices [1]