Oil Extends Fall as Traders Assess Russia-Ukraine Peace Talk Prospects

Oil prices were slipping successful aboriginal trading, extending past week's autumn arsenic investors measure prospects of a Ukraine-Russia bid deal.

Brent crude was down 0.4% to $61.68 a barrel, portion WTI fell 0.5% to $57.79 a barrel.

"Developments related to a imaginable bid statement are important for the lipid market, peculiarly amid important uncertainty astir the interaction of precocious imposed sanctions connected Russia's Rosneft and Lukoil," ING analysts said. "A bid woody increases the likelihood that sanctions volition beryllium lifted, oregon astatine slightest not enforced strictly."