Oil prices fell on Tuesday as traders bet that talks over a possible agreement to legitimize or end Russia's invasion of Ukraine could ease sanctions on Russian crude oil, boosting global supply.

The U.S. Energy Information Administration's short-term outlook for oil prices forecast a slide in prices, potentially leading to lower rig counts and more job losses.

In short, if oil prices remain under pressure, which seems likely, stock investors should be on the alert for a correction lower in overall stock prices, with a differentiated view based on sector-specific vulnerabilities to lower oil prices.

The International Energy Agency forecasts a larger oil market oversupply due to tepid demand growth and surging supply from both OPEC+ and non-OPEC+ producers.

Oil prices are lower this morning following Trump-Zelensky talks, with focus now turning to a possible meeting between the Ukrainian leader and Russian President Putin. Read more here.

Angshu Mallick, MD & CEO of AWL Agri, discusses India’s edible oil outlook ahead of the festive season, highlighting stable supplies, rural demand revival, and the growing role of mustard oil in self-sufficiency efforts.

The return of previously curtailed oil production by OPEC+ members is killing U.S. shale growth, with industry executives referring to it as a “price war” to the Financial Times.

State-run oil firm Petrobras is worried about an upcoming change in Brazil's reference oil price that determines some taxes and royalties drillers pay, as it could weaken the economic viability of projects in offshore post-salt fields and in its onshore business,