Oil prices steady as traders await progress on push for Ukraine peace deal

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Oil prices steady as traders await progress on push for Ukraine peace deal - Business Standard

Quick Summary:

Brent futures were up 13 cents, or 0.2 per cent, at $74.56 barrel by 1103 GMT while US West Texas Intermediate crude futures added 11 cents, or 0.2 per cent, to $70.

However, oil prices could still drop because of a decrease in geopolitical risk, said Harry Tchilinguiran, head of research at Onyx Capital Group.

US President Donald Trump has initiated talks with Russia without inviting Ukraine or the European Union to the table.