Price Brent crude oil closed up 21 cents, or 0.2%, at $63.34 a barrel. At that time, WTI oil price also up 45 cents, or 0.8%, to $59.10 a barrel at 13:46 ET (18:46 GMT).
SEB commodity analyst Ole Hvalbye said the market is swinging between hope and skepticism about the resumption of peace efforts in Ukraine.
US and Ukrainian delegations will meet this week to finalize a formula discussed in Geneva to bring peace and provide security guarantees to Kiev, Ukrainian President Volodymyr Zelenskiy said.
The two sides are trying to narrow differences over President Donald Trump's plan to end the conflict. Kiev remains cautious about accepting a deal that is largely based on on Russian terms, including territorial concessions.
Russian President Vladimir Putin said that the points The main part of the peace draft that the US and Ukraine discussed could become the basis for agreements to end the conflict. sudden
Meanwhile, Reuters OPEC and its allies are likely to keep output levels unchanged at meetings on Sunday and agree on a mechanism to assess members' maximum production capacity , sources familiar with the matter said .
8 OPEC+ countries, which have been gradually increasing production in 2025, are expected to maintain their policy of suspending production increases in the first quarter of 2026.
Oil prices were also supported by rising expectations that the US Federal Reserve (Fed) will cut interest rates in December. Low interest rates typically stimulate economic growth and boost oil demand.
Source: https://baoninhbinh.org.vn/gia-xang-dau-hom-nay-2811-gia-tang-thi-truong-huong-ve-dam-phan-ngaukraine-251128055329970.html
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