Peace Deal Hopes Drive Oil Market Dip
U.S. provided NATO-style security guarantees to Ukraine in Berlin talks.
Progress in peace talks raised hopes of ending the conflict.
Analysts warned soft Chinese economic data may reduce global oil demand.
Crude prices dropped as optimism over a peace deal eased sanctions concerns.
U.S. sanctions on Russian oil companies may be lifted, increasing supply.
China's factory output hit a 15-month low.
U.S. seized an oil tanker off Venezuela, limiting market gains.
Unresolved territorial issues hindered market gains.
1 month ago