Crude Oil Steady After 2% Drop; Ukraine Peace, US Rates & Russia Sanctions Eyed

• Crude oil prices are stable today after a 2% drop in the previous session, influenced by Iraq resuming oil production at West Qurna 2.
• Markets are closely monitoring Ukraine peace talks and the upcoming US interest rate decision from the Fed meeting this week.
• Potential for oil prices to fall if a Ukraine agreement increases Russian oil exports; G7/EU consider a full maritime service ban on Russian oil.

Why It Matters: Future oil prices, impacting your costs, hinge on global peace talks and economic policy.