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Ukraine Peace Deal Fears Trigger Oil Price Plunge: What's Next?

Energy

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Published on 24th November 2025, 2:15 AM

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Author

Abhay Singh | Whalesbook News Team

Overview

Oil prices dropped significantly, marking the biggest weekly loss since early October, as traders assess the potential for a Ukraine-Russia peace deal. Such an agreement could lead to increased crude supply in an already oversupplied market. Brent crude neared $62 a barrel, and WTI fell below $58, with futures on track for a fourth monthly loss amid rising global output.