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Barchart
Barchart
Rich Asplund

Crude Oil Prices Fall on Possible Progress on Ukraine-Russia Peace Deal

Oil United States Donald Trump OPEC Russia Ukraine Volodymyr Zelenksyy EIA ISIS

February WTI crude oil (CLG26) today is down -1.02 (-1.75%), and February RBOB gasoline (RBG26) is down -0.0306 (-1.74%).

Crude oil prices are sharply lower due to possible progress on a Ukraine-Russia peace deal.  Ukrainian President Zelensky said he expects to meet with President Trump on Sunday in Florida.  Mr. Zelensky said a 20-point peace plan is 90% ready, but it depends on the meeting with Mr. Trump and can't be finalized without input from Russia and Europe.  Russia reportedly said that the 20-point peace plan fails to answer many questions.

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