COP30 Outcome: Weak Deal on Fossil Fuel Phase-Out
Oil Prices Slide as U.S. Pushes for a Russia–Ukraine Peace Deal Oil Prices Slide as U.S. Pushes for a Russia–Ukraine Peace Deal Published Nov 21, 2025 • Energy & Markets • By Editorial Desk A mix of diplomacy and macroeconomic headwinds has pushed Brent and WTI lower for a third straight session — here’s a clear breakdown of causes, implications and what to watch next. Market drivers: diplomacy, demand and technical signals The past week has seen oil benchmarks soften as market participants early priced in the potential outcomes of renewed U.S.-led diplomatic efforts aimed at forging a durable settlement between Russia and Ukraine. Such a settlement, if it improves export certainty, could unlock increased Russian crude volumes to global markets — reducing the geopolitical risk premium that has supported prices since the onset of conflict. At the...