US EditionPublished • loading... • Updated
Oil Drops Again as Washington and Kyiv Explore Peace Path
Markets reacted to Donald Trump's 28-point peace plan and new US sanctions on Russian energy firms, capping Brent crude futures below $63 per barrel.
- On November 21st, 2025, Donald Trump's 28-point peace proposal dominated markets, capping ICE Brent futures below $63 as Volodymyr Zelenskiy weighed it amid U.S. sanctions on Rosneft and Lukoil.
- Reports said Washington pressured Kyiv to accept a pact favoring Moscow, prompting market participants to reassess supply risk as Trump called Thursday an appropriate deadline.
- Trend-Following commodity trading advisers went fully short on WTI and Brent on Friday, with West Texas Intermediate trading below 28, as shorts added positions, reports said.
- If sanctions are lifted, additional Russian barrels would hit a surplus market next year, while refined products markets remain tight with middle distillate cracks highest in nearly three years due to EU sanctions, analysts said.
- Market observers note fading confidence in sanctions enforcement as France, Germany and the UK told Zelenskiy to keep defending sovereignty, rejecting key US-Russian plan elements Friday.
Insights by Ground AI
17 Articles
17 Articles
Oil Falls as Traders Weigh Odds of Ukraine-Russia Peace Deal
(Bloomberg) — Oil fell as traders assessed the prospect of a Ukraine-Russia peace deal that would add supply to a saturated market, with reports emerging that the US threatened to stop supporting Kyiv unless it agrees to a pact that favors Moscow.
·Canada
Read Full Article
Oil Drops Again as Washington and Kyiv Explore Peace Path
Donald Trump’s 28-point peace proposal to end the Russia-Ukraine war has become the main talking point of oil markets this week, with potentially higher Russian supply capping ICE Brent futures below $63 per barrel.
·London, United Kingdom
Read Full Article
World oil prices fell 2.1% on Wednesday, November 19, due to concerns that possible peace agreements between the United States, Ukraine and Russia could increase supply in the market.
Coverage Details
Total News Sources17
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
To view factuality data please Upgrade to Premium
