Oil prices extended losses after Ukrainian President Volodymyr Zelensky said representatives from the U.S., Russia and Ukraine are set to meet in the United Arab Emirates for two days this week.

WTI crude oil stalls at 200-day MA as EIA inventory build expected. Oversupply battles Iran risk premium; range-bound trade at $59.40 sweet spot.

Crude oil contracts were down by more than $1 at midday Thursday on word of renewed talks to end Russia's war against Ukraine, a day after President Trump dialed back threats that the U.S. planned to seize Greenland and impose additional tariffs on several European countries.

Oil futures settled higher on reports of a production halt in Kazakhstan’s major Tengiz oilfield due to power-grid interruptions, while broader geopolitical tensions continued to keep prices bid.

Crude oil futures rise for fourth week but volatile as Iran tensions fade and Venezuela resumes production. Key pivot at $58.46 determines direction.

Brent crude oil futures on the Intercontinental Exchange (ICE) ($64.10/barrel) was up 1.2 per cent last week whereas crude oil futures in the domestic market (₹5,449/barrel) gained 1.5 per cent. Here is the outlook and trade recommendation:

Crude futures settled higher for a fourth consecutive weekly gain as rising geopolitical tensions outweighed broader concerns of global oversupply.

The February ULSD contract was up 7.26cts midday at $2.4394/gal, while the March contract traded 5.64cts higher at $2.3549/gal. RBOB followed suit, with the February contract up 3.57cts at $1.8529/gal and the March contract up 3.38cts at $1.8725/gal.

Crude oil futures traded lower on Wednesday morning despite US President Donald Trump’s continued threats of fresh tariffs on European nations over the Greenland issue, as markets fear that such a move could slow global economic growth.

By Georgina McCartney and Seher Dareen HOUSTON/LONDON, Jan 13 (Reuters) - The discount on U.S. crude futures to the global benchmark Brent has grown by around $1 per barrel since the U.S. ousted Venezuelan President Nicolas Maduro on January 3 and took control of the South American country's oil flows,

Oil exchange-traded funds opened higher on Tuesday, tracking a rise in crude futures as investors weigh the immediate supply impact from Venezuela and hedge their market exposure.

Commercial crude stocks are seen falling by 500,000 barrels to 421.9 million barrels in the week ended Jan. 16, according to the average estimate of nine analysts and traders. Five expect an increase and four predict a decline, with forecasts ranging from a build of 2 million barrels to a draw of 6.5 million barrels.