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Nick Oxford/ReutersThe latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0115 GMT – Oil trades lower in the Asian session. Traders are likely weighing the prospect of a Ukraine-Russia peace deal that could deflate political risk from an already well-supplied market, says the Global Economics and Markets Research team at UOB in a note. The Wall Street Journal reported Monday that diplomats from the U.S. and Ukraine thrashing out changes to a Trump-backed peace plan have left thorny decisions over territory to their countries’ presidents, according to European officials familiar with the discussions. The front-month WTI crude oil futures are 0.1% lower at $58.76/bbl, while Brent is down 0.2% at $63.26/bbl.([email protected])
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