Oil hits one-month lows as traders assess potential impacts of Russia-Ukraine peace deal
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Crude oil futures fell to one-month lows as the Trump administration urged Ukraine to accept a peace deal with Russia, potentially increasing global oil supplies. Despite President Trump's refusal to lift sanctions on Russia, skepticism about the effectiveness of sanctions grew. A stronger dollar also pressured oil prices. Nymex crude closed at $58.06/bbl, Brent at $62.56/bbl. Energy stocks fell 2.8% this week. Top gainers in energy: Sigma Lithium, Trilogy Metals, Standard Lithium, Empire Petroleum, Atlas Lithium.
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