Oil prices tick lower after Russia agrees to 30-day halt on energy-infrastructure attacks
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Oil prices slightly decreased after Russia agreed to a 30-day halt on energy infrastructure attacks, despite rejecting a full cease-fire in Ukraine.
March 19, 2025 | 12:30 pm
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The United States Brent Oil Fund (BNO) may see a slight decrease in value as oil prices tick lower following Russia's agreement to a 30-day halt on energy infrastructure attacks.
BNO, which tracks Brent oil prices, is likely to be impacted by the slight decrease in oil prices due to Russia's temporary halt on energy infrastructure attacks. This development reduces immediate geopolitical risks, leading to a minor downward pressure on oil prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80