Oil prices steady as Ukraine peace talks shake up the market
Oil prices are holding steady after bouncing back from earlier drops, with WTI crude trading near $59 a barrel after gaining more than 1% in the previous session.
But hopes for a peace deal in Ukraine could mean Russian oil returns to the market, putting a cap on those gains.
What's driving the drama?
Talks over Ukraine, with Trump striking a positive tone, have everyone watching for a breakthrough that might lift sanctions on Russian energy.
Still, Russia can't export much right now—shipments just hit their lowest point in three years after Ukrainian strikes on refineries caused fuel shortages.
Why should you care?
Oil prices are stuck in a tug-of-war between optimism about economic recovery and worries over global supply shifts.
If there's progress in Ukraine or changes to Russian exports, it could shake up what you pay at the pump and even impact broader economic trends.