LBCI

Oil falls as Ukrainian peace talks near a possible resolution

World News

24-11-2025 | 00:17

Share

Share

Oil falls as Ukrainian peace talks near a possible resolution

Oil prices fell on Monday, extending last week’s losses, as peace talks between Russia and Ukraine moved closer to a resolution and the U.S. dollar strengthened.

Brent crude futures dropped 14 cents, or 0.22%, to $62.42 a barrel by 01:48 GMT. U.S. West Texas Intermediate (WTI) crude fell 15 cents, or 0.26%, to $57.91 a barrel.

Both benchmarks fell by about 3% last week and hit their lowest levels since October 21, as market participants grew concerned that a Russia–Ukraine peace agreement could lift sanctions on Moscow and flood the market with previously restricted supplies.

“The selloff was driven mainly by President Trump’s strong push for a Russia–Ukraine peace deal, which markets see as a fast track to releasing significant Russian supply,” Tony Sycamore, analyst at IG, wrote in a note.

He added that the moves toward reaching a peace agreement.

Reuters

World News

falls

Ukrainian

peace

talks

possible

resolution

Next

Putin and Erdoğan to hold phone call on Ukrainian peace efforts

US and Ukrainian officials discuss possible Zelensky visit to Washington

Previous

Recommended For You

US agents involved in fatal Minneapolis shooting placed on leave

13:27

US agents involved in fatal Minneapolis shooting placed on leave

Debate intensifies in Israel over Trump, Iran, and possible military action

News Bulletin Reports

13:00

Debate intensifies in Israel over Trump, Iran, and possible military action

Euro falls 1% against the dollar before Fed rates decision

12:36

Euro falls 1% against the dollar before Fed rates decision

China warns at UN against 'military adventurism' in Iran

11:52

China warns at UN against 'military adventurism' in Iran

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Two workers killed in pipeline fire at Iraq's Zubair oilfield: Officials

Middle East News

2025-10-26

Two workers killed in pipeline fire at Iraq's Zubair oilfield: Officials

US Ambassador Michel Issa: Lebanese Army Chief's Washington visit expected to proceed

2025-12-08

US Ambassador Michel Issa: Lebanese Army Chief's Washington visit expected to proceed

Lebanon updates fuel prices

Lebanon Economy

2026-01-23

Lebanon updates fuel prices

World Bank approves $350 million in new funding for Lebanon

2026-01-27

World Bank approves $350 million in new funding for Lebanon

Videos

Fairuz receives condolences for death of son Hali Rahbani—Video

2026-01-10

Fairuz receives condolences for death of son Hali Rahbani—Video

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

2025-12-02

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

2025-12-02

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

2025-12-02

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

2025-12-02

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

Pope Leo XIV tells Lebanese youth Lebanon’s future ‘is in your hands’; watch full speech here

2025-12-01

Pope Leo XIV tells Lebanese youth Lebanon’s future ‘is in your hands’; watch full speech here

Pope Leo XIV moved by youth turnout in Bkerke: Video

2025-12-01

Pope Leo XIV moved by youth turnout in Bkerke: Video

Pope Leo leaves for Istanbul—Video

Middle East News

2025-11-27

Pope Leo leaves for Istanbul—Video

Pope Leo arrives at Turkey's Presidential Palace—Video

Middle East News

2025-11-27

Pope Leo arrives at Turkey's Presidential Palace—Video

Most read

24 hours

7 days

Month

Trump threatens Iran over nuclear talks, says 'time is running out'

1

Trump threatens Iran over nuclear talks, says 'time is running out'

“Singing Emmanuel” enters Guinness World Records as world’s longest Christmas recital

2

“Singing Emmanuel” enters Guinness World Records as world’s longest Christmas recital

Lebanon's budget debate overshadowed by politics and election talk

3

Lebanon's budget debate overshadowed by politics and election talk

Iran rejects negotiations with US in 'atmosphere of threats': FM

4

Iran rejects negotiations with US in 'atmosphere of threats': FM

Interior Minister praises airport drug bust, says Lebanon will not be a smuggling hub

5

Interior Minister praises airport drug bust, says Lebanon will not be a smuggling hub

Lebanese army delegation visits Washington — what lies ahead for US support?

6

Lebanese army delegation visits Washington — what lies ahead for US support?

Debate intensifies in Israel over Trump, Iran, and possible military action

7

Debate intensifies in Israel over Trump, Iran, and possible military action

Hundreds protest near US embassy in Baghdad over Trump interference: AFP

8

Hundreds protest near US embassy in Baghdad over Trump interference: AFP

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More