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Oil Futures Fall Amid Ukraine Ceasefire Speculation

Market sentiment shifted on expectations that a possible ceasefire in Ukraine may prompt easing of sanctions against Russia, weighing on crude prices.

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Terms & Concepts
  • Oil futures: Contracts to buy or sell oil at a predetermined price and date in the future.
  • Ceasefire: A temporary halt to armed conflict, often to facilitate negotiations or humanitarian aid.
  • Sanctions: Economic or political penalties imposed by one or more countries against a targeted nation, group, or individual.