Oil Holds Near Lowest Since 2021 With Focus on Ukraine Ceasefire
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Oil held near the lowest level since 2021 as traders weighed the outlook for a ceasefire in Ukraine, which could pave the way for fewer curbs on Russian crude imports into an already oversupplied market.West Texas Intermediate traded near $57 a barrel after closing at the lowest in more than four years on Monday. Brent settled below $61. US President Donald Trump said a deal to end Russia’s warBloomberg Terminal in Ukraine is closer than ever following talks with Ukraine’s Volodymyr Zelenskiy and European leadersBloomberg Terminal.