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The oil market is under pressure as OPEC members have rapidly ramped up production and the U.S. pushes Ukraine to accept a peace agreement with Russia.
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The latest proposal is designed to deter future Russian aggression. But Russia is not part of the talks and has shown little willingness to negotiate.
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;Resize=(620)) The U.S. has agreed to provide unspecified security guarantees to Ukraine as part of a peace deal to end Russia's nearly four-year war, and more talks are likely this weekend, U.S. officials said Monday following the latest discussions with Ukrainian President Volodymyr Zelenskyy in Berlin.
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