West Texas Intermediate (WTI) crude oil prices continue their downward trajectory, now trading around $57.70 per barrel during Monday's European session. This marks the fourth consecutive day of losses, driven by progress in peace talks between the U.S., Russia, and Ukraine, which has raised hopes for easing geopolitical tensions and potentially stabilizing global oil supply.
As concerns over supply disruptions diminish, the market is closely monitoring the implications for the USD and other currency pairs. Traders anticipate fluctuations in the exchange rate as geopolitical developments unfold, impacting not just oil prices but also major currencies like the EUR. With the current WTI price near $57.50, market participants are weighing both the potential for further declines and the possibility of a rebound if negotiations stall or geopolitical tensions escalate again.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 09:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.