Oil prices find little support from the first drop in U.S. supplies in 5 weeks

Oil futures on Wednesday traded at their lowest levels of the year so far, maintaining a weak tone on concerns over the global economic outlook and the potential for a halt to Russia’s war on Ukraine that could result in the lifting or loosening of sanctions on Moscow.

Feb 26, 2025 - 17:13
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Oil prices find little support from the first drop in U.S. supplies in 5 weeks
Oil futures on Wednesday traded at their lowest levels of the year so far, maintaining a weak tone on concerns over the global economic outlook and the potential for a halt to Russia’s war on Ukraine that could result in the lifting or loosening of sanctions on Moscow.