Whalesbook
Oil prices stabilized as a positive mood in global financial markets offset potential increases in crude supply from progress in Ukraine peace talks. West Texas Intermediate hovered near $59 a barrel, while Brent crude stayed above $63. Equities and commodities saw gains, influenced by expectations of Federal Reserve rate cuts and positive US-China discussions. Hopes for a Ukraine ceasefire could lead to eased sanctions on Russia, potentially adding more oil to the market.