Prices are down: Is Trump close to ending the Ukraine war?

Uncertainty, uncertainty, uncertainty is running through the oil markets. The biggest news stories surround Trump and Putin getting closer and a potential negotiated end to the war in Ukraine. Who is involved in the negotiations, what might be ceded and how Ukraine comes out in all this is not yet precise. But when you look at crude prices, it shows the market has taken a general view that the situation has eased a lot since Biden’s 10th January, last gasp imposition of sanctions on Russia.