Market News

    Oil settles down about 1% as traders focus on Ukraine peace talks, Fed policy decision

    Oil prices edged lower on Tuesday after falling 2% in the previous session, with investors keeping a close eye on peace talks to end Russia’s war in Ukraine, concerns about ample supply and a looming decision on U.S. interest rates.

    Brent crude futures settled down 55 cents, or 0.88%, at $61.94 a barrel. U.S. West Texas Intermediate crude fell 63 cents, or 1.07%, to $58.25 a barrel.

    Source : Investing.com