Negotiations between the US and Ukraine drove oil prices up: Brent exceeded $61

Rising Oil Prices and Negotiations Between the US and Ukraine

According to Главком: Global oil prices have risen due to prolonged negotiations between the US and Ukraine, which have not led to immediate progress. The price of Brent oil exceeded $61 per barrel, while American WTI crude traded at $57. The increase in oil prices is also related to news from China about expanded budget expenditures in 2026.

On December 28, Ukrainian President Volodymyr Zelensky and US President Donald Trump held talks aimed at ending the war in Ukraine. The agreement between Ukraine and the US consists of 20 points, 90% of which have already been agreed upon. Trump's statements indicate significant progress in these negotiations.

“Russian dictator Vladimir Putin expresses sincere interest in achieving peace and a successful future for Ukraine.” - Donald Trump

Trump also added that Russia is ready to take part in the process of rebuilding the Ukrainian state.

The Impact of International Events on the Energy Market

The rise in oil prices indicates that international negotiations and political events can have a significant impact on the energy market. A successful conclusion of negotiations between the US and Ukraine could change the overall economic situation in the region, affecting global oil prices.

Additionally, the expansion of budget expenditures in China may indicate a recovery in economic activity, which also increases the demand for energy resources.