Oil prices held steady Tuesday after a dip, with traders watching Ukraine peace talks and a key US interest rate decision. Brent crude hovered around $62.47 and WTI at $58.84. Developments in the Ukraine conflict and potential shifts in Russian oil sanctions are key drivers, alongside the Federal Reserve’s anticipated rate cut. Analysts foresee market oversupply impacting prices in 2026.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets