Global crude prices lift slightly as Ukraine ceasefire discussions ease supply fears

Oil prices edge higher as Ukraine ceasefire talks ease supply concerns, helping Brent and WTI recover from recent multi-week lows.

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Global crude prices lift slightly as Ukraine ceasefire discussions ease supply fears

Global crude prices lift slightly as Ukraine ceasefire discussions ease supply fears
Oil stabilized on Wednesday as Brent and WTI recovered modestly from recent lows, helped by renewed ceasefire discussions involving Ukrainian and European negotiators. The easing of conflict concerns supported expectations that supply disruptions could lessen over the coming months. Analysts noted that while demand indicators remain soft, geopolitical improvements have reduced near term volatility. Brent traded around $62.75 per barrel, and WTI hovered near $58.20 during mid-session trading.
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