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Global headline: Oil prices tumble amid peace-deal speculation over Ukraine war
Oil plunges 2%+ as peace-deal speculation between Ukraine and Russia spooks energy markets.
Oil prices slid over **2%** after speculation around a draft peace proposal between Ukraine and Russia spread through markets, prompting fears of lower future demand for crude.
Brent crude dropped to around $62 a barrel while U.S. WTI fell below $58. Energy stocks followed suit, with major players down over 1%. Analysts note that the peace-deal chatter is keeping energy markets jittery, undercutting near-term supply-risk premiums and placing pressure on prices and explorers globally.