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Oil prices drop 2% amid report of Russia-Ukraine peace deal
Business Standard
|November 26, 2025
Oil prices extended an earlier decline on Tuesday, dropping by about 2 per cent, after news reports cited a US official saying that Ukraine had agreed to a peace deal.
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Brent futures were down $1.22, or 1.9 per cent, at $62.15 a barrel at 1417 GMT. West Texas Intermediate (WTI) crude was down $1.21, or 2.1 per cent, to $57.63.
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