Oil Ticks Up as Traders Weigh Next Steps in Russia-Ukraine War

Oil edged up after a fresh round of US-Russia talks failed to reach a deal to end Moscow’s war in Ukraine, boosting fears that restrictions on Russian oil supply could remain in place for longer.

West Texas Intermediate rose 0.5% to settle near $59, remaining within the tight range prices have been stuck in this week. The Kremlin says talks with a US delegation led by US envoys Steve Witkoff and Jared Kushner were “constructive,” but no deal was made to end the Ukraine war.