Crude oil prices fell on Tuesday due to progress in Ukraine peace talks and a stronger dollar. President Zelenskiy mentioned a commitment from President Trump for security guarantees and a potential summit between Putin and Zelenskiy. OPEC’s decision to increase production is also impacting prices. A decline in oil stored on tankers is supporting prices. EIA is expected to report a decrease in crude and gasoline inventories. US crude oil inventories rose in the previous week, with production slightly below a record high. The number of active US oil rigs remained unchanged.

Read more at Yahoo Finance: Crude Prices Slip on Prospects to End the War in Ukraine