- Oil prices held gains amid uncertainty over Ukraine ceasefire talks and US-Venezuela tensions
- West Texas Intermediate near $59 a barrel after a 0.5% increase in the previous session
- President Trump described Putin meeting as "reasonably good" but uncertain on outcome
Oil held a gain as investors weighed the outlook for a ceasefire in Ukraine and the fallout from tensions between the US and Venezuela.
West Texas Intermediate was near $59 a barrel after rising 0.5% in the previous session. Brent closed marginally higher above $62. President Donald Trump said a meeting between his envoy and President Vladimir Putin was “reasonably good” but acknowledged he doesn't know what the outcome will be following rounds of talks over a deal to end Russia's war in Ukraine.
-
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
"I Am A Material Man In A Material World': Quantum Advisors' Ajit Dayal On NDTV Profit Ignite
Separately, Trump reiterated the US will start striking drug cartels on land in Venezuela very soon. American forces have been massing in the region, with the situation adding some risk premium to oil prices, partially offsetting concerns around a surplus that's expected to swell to a record next year.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
US crude inventories rose by 574,000 barrels last week, according to government data on Wednesday. Gasoline and distillate stockpiles also gained.
Prices
WTI for January delivery was little changed at $59.01 a barrel at 7:33 a.m. in Singapore.
Brent for February settlement closed 0.4% higher at $62.67 a barrel on Wednesday.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
