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Oil Prices Continue to Decline
Oil prices dropped on Tuesday as expectations of an oversupply in 2026 overshadowed concerns about the impact of sanctions on Russian crude, with negotiations to end the Ukrainian war still unresolved.
Brent crude futures fell by 27 cents, or 0.4%, to $63.10 per barrel by 05:00 GMT.
West Texas Intermediate (WTI) crude decreased by 23 cents, or 0.4%, to $58.61.
Both benchmarks had risen by 1.3% on Monday amid growing doubts about a peace agreement to end the Russia-Ukraine conflict, reducing expectations for a free flow of Russian crude supply.
