Oil Drops 2% After Iraq Restores Output and Ukraine Talks Ease Supply Fears
Oil prices fell about 2% as Iraq restored production at an oilfield supplying roughly 0.5% of global output, while continued Ukraine talks reduced geopolitical risk.
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Oil prices fell about 2% as Iraq restored production at an oilfield supplying roughly 0.5% of global output, while continued Ukraine talks reduced geopolitical risk.
Oil stabilizes after hitting a one-month low as oversupply concerns and Russia-Ukraine peace hopes balance market sentiment.