Oil falls on drawn-out Ukraine peace talks

Oil falls on drawn-out Ukraine peace talks

The Star Online - Business·2025-11-29 08:07

HOUSTON: Crude futures fell marginally on Friday as investors considered oil's geopolitical risk premium amid drawn-out Russia-Ukraine peace talks, while keeping an eye on Sunday's Opec+ meeting for clues about potential output changes.

US West Texas Intermediate crude futures resumed trading after being frozen due to a system outage at exchange operator CME Group, blamed on a cooling issue at CyrusOne data centres. Brent trades on the Intercontinental Exchange, or ICE.

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