S04 Ep12 Energy Market Update: Oil under pressure on hopes of progress toward Ukraine peace deal

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Oil prices have come under renewed pressure as markets reassess the geopolitical risk premium following signs of progress toward a potential Ukraine peace plan. Earlier strength driven by fresh U.S. sanctions on Russian oil producers has faded, with traders now focusing on shifting diplomatic dynamics and the possibility of reduced supply disruption risk.

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24 Nov English South Africa Business

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