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Oil prices set to snap two-week losing streak as peace in Ukraine remains elusive

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Oil prices were little changed on Friday as hope for immediate peace between Russia and Ukraine dimmed, increasing the risk premium demanded by oil sellers and putting prices on track to snap a two-week losing streak.

Brent crude futures were down 12 cents at $67.55 a barrel as of 0415 GMT, while West Texas Intermediate (WTI) crude futures fell 10 cents to $63.42.

Both contracts climbed more than 1% in the prior session. Brent has risen 2.7% this week, while the WTI has gained 1.1%.
Source: Reuters

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