OIL BROADLY STABLE WITH FOCUS ON U.S.-RUSSIA TALKS OVER UKRAINE

OIL BROADLY STABLE WITH FOCUS ON U.S.-RUSSIA TALKS OVER UKRAINE
OIL BROADLY STABLE WITH FOCUS ON U.S.-RUSSIA TALKS OVER UKRAINE

Oil prices are mostly unchanged as the U.S. and Russia plan talks in Saudi Arabia to end the Ukraine war.

Brent crude is at $75.07 per barrel, and WTI is at $71.02 per barrel, both up 0.4%.

The price gap between current and future WTI oil has dropped, showing weak demand for physical oil.

A peace deal could lead to lifting sanctions and more Russian oil flowing to Europe.

Kurdistan's president said oil exports might restart next month after a two-year shutdown.

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