Investors Eye Fresh Round of Russia-Ukraine Talks
The ongoing Russia-Ukraine war continues to fuel volatility in the marketplace as the conflict enters its 19th day.
On Monday, Brent crude oil prices declined by nearly $5 to $107.72 per barrel after swelling to over $130 per barrel last week. West Texas Intermediate Crude Oil futures were down by 5.4% to $103.41 per barrel.
Both contracts have surged since Russia invaded Ukraine on February 24. The recent pullback in prices, however, could be attributed in part to optimism surrounding the continuing peace negotiations between Ukraine and Russia.
A new round of talks between Russia and Ukraine was held Monday via video link at 10:30 AM Kyiv time. Ukrainian negotiator, Mykhailo Podoliak, tweeted "[n]egotiations. 4th round. On peace, ceasefire, immediate withdrawal of troops & security guarantees. Hard discussion."...
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