# Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting | Reuters

> Oil prices fell as Ukraine peace talks dragged on, with WTI crude settling at $58.55 a barrel, down 10 cents. Traders are also watching an upcoming OPEC+ meeting and reports that Saudi Arabia shut an oil pipeline as Houthis tightened their grip on Red Sea shipping.

- Date: 2025-11-28 · published 2025-11-28T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/22135-oil-falls-on-drawn-out-ukraine-peace-talks-all-eyes-on-upcoming-opec-meeting
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Easing prospects for Russia-Ukraine peace reduce the geopolitical risk premium in crude, which lowers diesel and energy costs for feed production and transport. Red Sea disruption partly offsets that by raising shipping risk.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-03-14 | [Oil falls over 5% on Russia-Ukraine talk hopes, China lockdowns \| Reuters](https://feedsoft.ai/events/5997-oil-falls-over-5-on-russia-ukraine-talk-hopes-china-lockdowns-reuters.md) | -4.2% | -10.1% |
| WTI | 2024-05-01 | [Oil falls more than $1/bbl on Middle East peace talks, US rate cut doubts](https://feedsoft.ai/events/30636-oil-falls-more-than-1-bbl-on-middle-east-peace-talks-us-rate-cut-doubts.md) | -4.3% | -3.7% |
| WTI | 2026-05-27 | [Oil settles 5% lower as investors await updates on US-Iran peace deal talks \| Reuters](https://feedsoft.ai/events/12486-oil-settles-5-lower-as-investors-await-updates-on-us-iran-peace-deal-talks.md) | -0.2% | -26.3% |
| WTI | 2023-11-23 | [Oil slips 1% on concerns over delayed OPEC+ meeting By Reuters](https://feedsoft.ai/events/33339-oil-slips-1-on-concerns-over-delayed-opec-meeting-by-reuters.md) | -1.5% | -4.2% |
| WTI | 2026-05-21 | [Oil falls with US-Iran peace talks in focus](https://feedsoft.ai/events/12489-oil-falls-with-us-iran-peace-talks-in-focus.md) | -9.1% | -21.3% |
| BRENT | 2022-03-14 | [Oil falls over 5% on Russia-Ukraine talk hopes, China lockdowns \| Reuters](https://feedsoft.ai/events/5997-oil-falls-over-5-on-russia-ukraine-talk-hopes-china-lockdowns-reuters.md) | -3.7% | -11.6% |
| BRENT | 2024-05-01 | [Oil falls more than $1/bbl on Middle East peace talks, US rate cut doubts](https://feedsoft.ai/events/30636-oil-falls-more-than-1-bbl-on-middle-east-peace-talks-us-rate-cut-doubts.md) | -5.8% | -6.2% |
| BRENT | 2026-05-27 | [Oil settles 5% lower as investors await updates on US-Iran peace deal talks \| Reuters](https://feedsoft.ai/events/12486-oil-settles-5-lower-as-investors-await-updates-on-us-iran-peace-deal-talks.md) | -3.9% | -24.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/brent-little-changed-investors-zoom-russia-ukraine-talks-opec-2025-11-28/

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