BusinessPhoto: Mint MarketsOil Prices Fall on Russia-Ukraine Energy Ceasefire Hopes
Oil prices dropped on Monday amid hopes of increased Russian energy supplies after US President Donald Trump announced an energy ceasefire agreement between Ukraine and Russia. Brent crude fell 1.31% to $103.35 a barrel, and US West Texas Intermediate dropped 1.42% to $90.55. Ukrainian President Zelenskiy awaited deal details, while Russia remained silent. Analysts remain cautious about the ceasefire's durability amid ongoing Middle East tensions.
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