Oil markets are on edge as Russia-Ukraine peace talks progress. U.S. dollar strength is pushing prices down, with WTI at $58.05 and Brent at $62.58. Last week saw a 3% decline, settling at levels not seen since October 21. Traders see potential for Russian supply to re-enter if a peace deal is reached. U.S. Secretary of State optimistic for a deal “very soon.” Dollar index nears yearly high, making oil more expensive. Rising OPEC+ production and demand concerns contribute to bearish sentiment. – By Charles Kennedy for Oilprice.com

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