OIL EDGES LOWER AS POTENTIAL UKRAINE PEACE DEAL EASES SUPPLY WORRIES

Tina Collins

17 Feb 2025

Oil prices went down a little on Friday.

A possible peace deal between Russia and Ukraine could reduce supply problems.

If peace happens, sanctions on Russia might end, helping oil flow better.

Brent oil price fell by 28 cents to $74.74 per barrel.

WTI oil price dropped by 55 cents to $70.74 per barrel.

Despite the drop, oil prices still increased by about 1% for the week.

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