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Oil Holds Loss as Traders Weigh Next Steps on Russia-Ukraine War
Oil held a decline as traders weighed the outlook for an end to the war in Ukraine following high-level talks between the US and Russia, while attacks on Moscow’s energy assets continued.
Brent traded near $62 a barrel after falling 1.1% on Tuesday, and West Texas Intermediate was below $59. The Kremlin said President Vladimir Putin held “very useful” talks with US envoys Steve Witkoff and Jared Kushner, though the sides failed to reach agreement on a plan to end Russia’s war in Ukraine.