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Crude oil futures settle lower amid hopes of Russia-Ukraine peace deal

26 Dec 2025 Evaluate

Crude oil futures ended lower on Wednesday as signs of a ceasefire between Russia-Ukraine surface. The drawn-out Russia-Ukraine war showed some sign of ending soon after Ukrainian President Zelenskyy outlined a new 20-point peace plan formulated jointly by U.S. and Ukrainian officials during their meeting in Florida over the weekend. The framework allows supplemental bilateral deals between the U.S. and Ukraine that would ensure security guarantee to Ukraine and insulate the country from future foreign attacks. The deals also include a heavy developmental package to rehabilitate the war-torn nation. 

Benchmark crude oil futures for February declined $0.03 or 0.05% at $58.29 a barrel on the New York Mercantile Exchange. Brent crude for February delivery decreased $0.14 or 0.20% to settle at $62.24 a barrel on London's Intercontinental Exchange.

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