Oil Prices Slip on Peace Deal Progress

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Oil prices declined in early Asian trade due to renewed hope for a Russia-Ukraine peace deal and anticipation of the OPEC+ meeting, with WTI and Brent Crude experiencing a 0.55% and 0.48% drop respectively.

Market Impact

Market impact analysis based on bearish sentiment with 76% confidence.

Sentiment
Bearish
AI Confidence
76%

Article Context

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Oil prices slipped in early Asian trade on Thursday as markets digested renewed hope for a Russia-Ukraine peace deal and braced for a key OPEC+ meeting scheduled to take place on Sunday. At the time of writing, front-month West Texas Intermediate had dipped by about 0.55% to $58.33 per barrel: Similarly, Brent Crude had fallen by 0.48% and was trading around $62.83: The recent softness follows a slight gain in Wednesday's session when prices bounced off one-month lows, but analysts warned that those upticks were likely driven by short covering…

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Original article published by OilPrice.com on November 27, 2025.
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