Crude Oil prices stabilized on August 22, 2025 with the uncertainty over a potential peace deal between Russia and Ukraine, and Brent crude oil pricing was up on the week for the first time in three weeks. The recent uptick in prices has most likely been aided by better than anticipated US oil inventory numbers, although fear over the US economy still hindered market sentiment. Traders are still looking out for a possible peace deal of Ukraine and Russia, and if the much awaited Zelensky-Putin talks bear decent fruit, oil sanctions on Russia could ease, forcing the world market into a surplus global supply situation.
