Oil Dips in Thin Post-Christmas Trade Amid Ukraine Talk Progress

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

On this special holiday week episode, Paul Sweeney hosts along with Bloomberg Tech co-host Caroline Hyde.

Oil slumped in muted post-Christmas trading as investors assessed a step forward in long-stalled Ukraine peace talks which could lead to a deal that allows more Russian oil into global markets grappling with oversupply.

West Texas Intermediate edged down on Friday to trade near $58 a barrel, though still on track for the biggest weekly gain since late October, while Brent was below $62. Ukrainian President Volodymyr Zelenskiy said he expects to meet with US President Donald Trump in Florida on Sunday about ending Russia’s war, adding that his country’s framework deal with the US was “almost ready” and signing it will depend on the upcoming meeting.

Paul and Caroline speak with:

- Dr. Ellen Wald, Atlantic Council Senior Fellow discusses oil amid geopolitical unrest
- Mishel Alon, Chief Business Officer at Verve discusses consumer sentiment and spending
- Carol Pepper, CEO at Pepper International discusses markets

See omnystudio.com/listener for privacy information.