Oil rebounds on lack of Russia-Ukraine peace breakthrough
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Crude oil futures rebounded on Monday following unresolved issues from weekend talks between President Trump and Ukraine's President Zelensky regarding territory and security guarantees. Russian President Putin's comments about revising negotiation positions after a drone attack on his residence added to tensions. Analysts predict oil prices could rise towards $60 due to ongoing geopolitical risks. U.S. crude inventories increased, with production falling and gasoline demand decreasing. February Nymex crude closed at $58.08/bbl, while Brent crude finished at $61.94/bbl, reflecting a 2.3% and 2.1% increase, respectively.
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