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Oil prices have been struggling in part due to hopes for peace. Indications from Trump and Russia were that sanctions relief would come with any deal and that would allow Russian crude to flow more freely.
As for the chances of a deal, they’re low but peace after a long war always seems impossible until it does. These things often tend to move quickly and Trump certainly has ways to lean on Ukraine to give up a large part of its territory forever. On the ground, Russia is inching ahead but Ukraine has little capability to mount any kind of counter-attack. They’re having some success on raising the economic toll on Russia but that’s a tough way to win a war against a country that’s seen surprisingly strong economic growth since the outset of the conflict.
This article was written by Adam Button at investinglive.com.
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