Oil Prices Dip Amid Peace Talks, OPEC Meeting

Oil prices dip in early Asian trading as peace talks between Russia and Ukraine progress, and OPEC Plus meeting looms. Despite slight gains earlier this week, experts believe these increases are temporary. The potential for increased Russian oil supply and upcoming OPEC Plus meeting add uncertainty to the market, with most expecting production policy to remain unchanged. Long-term outlook suggests an oversupply of oil, vulnerable to further price drops.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.