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Oil Extends Fall as Traders Assess Russia-Ukraine Peace Talk Prospects

Oil Extends Fall as Traders Assess Russia-Ukraine Peace Talk Prospects

Financial News
Oil Extends Fall as Traders Assess Russia-Ukraine Peace Talk Prospects

"Developments related to a potential peace agreement are important for the oil market, particularly amid significant uncertainty about the impact of recently imposed sanctions on Russia's Rosneft and Lukoil," ING analysts said. "A peace deal increases the likelihood that sanctions will be lifted, or at least not enforced strictly."

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