Oil prices ease after US-Russia agreement on 30-day energy ceasefire
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Oil prices decreased following an agreement between the US and Russia for a 30-day energy ceasefire, potentially increasing Russian oil supply in global markets.
March 19, 2025 | 1:00 am
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The United States Brent Oil Fund (BNO) may experience a short-term decrease in value due to the potential increase in Russian oil supply following the US-Russia energy ceasefire agreement.
The agreement between the US and Russia to halt attacks on energy infrastructure could lead to an increase in Russian oil supply, which typically results in lower oil prices. As BNO tracks Brent oil prices, it is likely to be negatively impacted in the short term.
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