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Oil Futures Edge Higher After Ukraine Talks Show Progress

Crude prices recover modestly from recent lows as negotiations in Ukraine advance, easing geopolitical tensions that had pressured markets.

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Terms & Concepts
  • Oil futures: Contracts to buy or sell oil at a predetermined price for delivery in the future, used for hedging or speculation.
  • Geopolitical tensions: Political or military conflicts between nations that can impact global markets, especially commodities.