Crude oil futures closed lower on Thursday, after U.S.-proposed peace talks to end the Russia-Ukraine war gathered renewed momentum. Ukraine’s President Volodymyr Zelenskyy met with U.S. President Donald Trump on the sidelines of the World Economic Forum in Davos, Switzerland. Following their hour-long meeting, Zelenskyy described the talks as very good, a sentiment Trump also echoed. Meanwhile, the Energy Information Administration said crude oil inventories shot up by 3.6 million barrels last week after jumping by 3.4 million barrels in the previous week. Street had expected crude oil inventories to rise by 1.1 million barrels.
Benchmark crude oil futures for March delivery declined $1.26 or 2.08% to settle at $59.36 a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased $1.18 or 1.81% to settle at $64.06 a barrel on London's Intercontinental Exchange.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: