Oil Prices Set to Snap Two-Week Losing Streak as Peace in Ukraine Remains Elusive

Oil prices were little changed on Friday but were on track to snap a two-week losing streak as hope for immediate peace between Russia and Ukraine dimmed, increasing the risk premium demanded by oil sellers.

Brent crude futures were down 4 cents to $67.63 a barrel at 0052 GMT, while West Texas Intermediate (WTI) crude futures fell 1 cent to $63.51.

Both contracts climbed more than 1% in the prior session. Brent has risen 2.7% this week, while the WTI has gained 1.1%...

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