# Oil settles slightly higher as Moscow peace talks fail to reach breakthrough | Reuters

> Oil prices settled slightly higher on December 3 after US and Russian talks failed to produce a deal to end the Ukraine war. The deal could have eased sanctions on Russian oil, and gains were held back by oversupply fears from rising US crude, gasoline and distillate stocks.

- Date: 2025-12-03 · published 2025-12-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/21682-oil-settles-slightly-higher-as-moscow-peace-talks-fail-to-reach-breakthrough
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Failed talks keep Russian oil under sanctions and limit additional supply. Rising US inventories show a surplus that caps the upside.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-21 | [US oil prices rise as investors doubt breakthrough in US-Iran peace talks \| Reuters](https://feedsoft.ai/events/19427-us-oil-prices-rise-as-investors-doubt-breakthrough-in-us-iran-peace-talks.md) | -9.1% | -21.3% |
| WTI | 2026-02-18 | [Oil settles up 4% on Iran-US tensions, Russia-Ukraine talks end without breakthrough \| Reuters](https://feedsoft.ai/events/20786-oil-settles-up-4-on-iran-us-tensions-russia-ukraine-talks-end-without.md) | +5.1% | +53.8% |
| WTI | 2026-07-31 | [Oil prices settle more than 1% higher, log strongest month since March \| Reuters](https://feedsoft.ai/events/18519-oil-prices-settle-more-than-1-higher-log-strongest-month-since-march-reuters.md) | -7.4% | -0.3% |
| WTI | 2022-03-03 | [Oil slides from decade-highs as Iran talks kindle supply hopes \| Reuters](https://feedsoft.ai/events/10344-oil-slides-from-decade-highs-as-iran-talks-kindle-supply-hopes-reuters.md) | -1.7% | -2.6% |
| WTI | 2026-03-20 | [Oil jumps to highest settlement since July 2022 as more Mideast supply disrupted \| Reuters](https://feedsoft.ai/events/6636-oil-jumps-to-highest-settlement-since-july-2022-as-more-mideast-supply.md) | -0.5% | -11.3% |
| BRENT | 2026-05-21 | [US oil prices rise as investors doubt breakthrough in US-Iran peace talks \| Reuters](https://feedsoft.ai/events/19427-us-oil-prices-rise-as-investors-doubt-breakthrough-in-us-iran-peace-talks.md) | -11.6% | -25.6% |
| BRENT | 2026-02-18 | [Oil settles up 4% on Iran-US tensions, Russia-Ukraine talks end without breakthrough \| Reuters](https://feedsoft.ai/events/20786-oil-settles-up-4-on-iran-us-tensions-russia-ukraine-talks-end-without.md) | +3.5% | +54.4% |
| BRENT | 2026-07-31 | [Oil prices settle more than 1% higher, log strongest month since March \| Reuters](https://feedsoft.ai/events/18519-oil-prices-settle-more-than-1-higher-log-strongest-month-since-march-reuters.md) | -4.9% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-fall-weak-demand-markets-await-ukraine-peace-effort-supply-signs-2025-12-03/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.