Crude oil futures slip as hopes of a Russia-Ukraine peace deal ease supply fears. Brent, WTI and MCX crude trade lower; gas and agri mixed.

Oil prices rise for a second straight session, supported by supply risks in Venezuela and Russia even as the broader outlook remains bearish. In early trading, Brent crude is up 0.7% to $60.08 a barrel,

Crude oil futures fell for the third straight session, with the market watching for progress in Russia-Ukraine peace efforts and concerned about global oversupply.

Crude oil steadies near minor pivot as traders weigh Russia sanctions, Venezuela risks, and shifting supply threats that shape the short-term oil outlook.

Crude oil futures traded higher on Thursday morning as markets expressed concerns about potential supply disruptions from Venezuela and Russia.

Extreme money manager short positions signal a long-term oil buy, despite short-term caution for energy stocks. Find out why I rate XLE a strong buy.

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting global oil markets.

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.

Crude futures moved deeper into the red with the market concerned about oversupply and watching for progress in Russia-Ukraine peace efforts.