{"id":45045,"date":"2025-12-18T02:39:14","date_gmt":"2025-12-18T02:39:14","guid":{"rendered":"https:\/\/xlence-com.wp-dev.int.theitops.net\/news-analysis\/wti-tumbles-to-near-56-amid-ukraine-peace-talks\/"},"modified":"2025-12-18T08:07:16","modified_gmt":"2025-12-18T08:07:16","slug":"wti-tumbles-to-near-56-amid-ukraine-peace-talks","status":"publish","type":"news_analysis","link":"https:\/\/www.xlence.com\/en\/news-analysis\/wti-tumbles-to-near-56-amid-ukraine-peace-talks\/","title":{"rendered":"WTI tumbles to near $56 amid Ukraine peace talks"},"content":{"rendered":"<ul>\n<li value=\"1\"><strong>WTI price loses momentum to near $56.00 in Thursday\u2019s Asian session.<\/strong><\/li>\n<li value=\"2\"><strong>A possible peace agreement in Ukraine undermines the WTI price, but the US blockade of Venezuela might cap its downside.&nbsp;<\/strong><\/li>\n<li value=\"3\"><strong>US crude oil stockpiles fell by 1.274 million barrels last week, EIA said.&nbsp;<\/strong><\/li>\n<\/ul>\n<p>West Texas Intermediate (WTI), the US&nbsp;crude&nbsp;oil benchmark, is trading around $56.00 during the Asian trading hours on Thursday.&nbsp;The WTI price&nbsp;edges lower amid optimism over a peace agreement between Russia and Ukraine.<\/p>\n<p>A possible peace agreement in Ukraine would bring Russian crude back to a well-supplied market and weigh on the black gold. \u201cUkraine\u2019s attacks on oil infrastructure and U.S. sanctions on Russian oil companies would likely be lifted relatively quickly in the event of an agreement,\u201d said Jorge Leon, Rystad Energy\u2019s head of geopolitical analysis.<\/p>\n<p>On the other hand, the downside for the WTI might be limited after US President Donald Trump said the United States (US) will block sanctioned tankers from entering and leaving Venezuela. Venezuela\u2019s government on Wednesday ordered its Navy to escort ships carrying petroleum products from port, escalating the risk of a confrontation with Trump ordered a \u201cblockade\u201d aimed at the country\u2019s oil industry.<\/p>\n<p>Additionally, a larger-than-expected&nbsp;crude oil inventory&nbsp;draw might contribute to the WTI\u2019s upside. Data released by the&nbsp;Energy Information Administration (EIA) on Wednesday showed that crude&nbsp;oil stockpiles in the&nbsp;US for the week ending December 12 declined by 1.274 million barrels compared to a fall of 1.812 million barrels in the previous week. The market consensus was for a 1.1 million barrel decrease in the report period. &nbsp;<\/p>\n<div class=\"post-module\">\n<div id=\"content-module-faq-Commodities-wti-65\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"wti\" data-config-category=\"Commodities\" data-version=\"v1\" data-content-module-translate=\"0\">\n<div class=\"fxs-faq-module-wrapper\">\n<h2 class=\"fxs-faq-module-title\">WTI Oil FAQs<\/h2>\n<div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-65accordion0\" checked=\"checked\"><\/p>\n<section class=\"fxs-faq-module-section\">\n<h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-65accordion0\"><br \/>\n                            <span>What is WTI Oil?<\/span><br \/>\n                        <\/label><br \/>\n                    <\/h3>\n<p class=\"fxs-faq-module-content\">WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as \u201clight\u201d and \u201csweet\u201d because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered \u201cThe Pipeline Crossroads of the World\u201d. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.<\/p>\n<\/section>\n<p>                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-65accordion1\"><\/p>\n<section class=\"fxs-faq-module-section\">\n<h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-65accordion1\"><br \/>\n                            <span>What factors drive the price of WTI Oil?<\/span><br \/>\n                        <\/label><br \/>\n                    <\/h3>\n<p class=\"fxs-faq-module-content\">Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.<\/p>\n<\/section>\n<p>                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-65accordion2\"><\/p>\n<section class=\"fxs-faq-module-section\">\n<h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-65accordion2\"><br \/>\n                            <span>How does inventory data impact the price of WTI Oil<\/span><br \/>\n                        <\/label><br \/>\n                    <\/h3>\n<p class=\"fxs-faq-module-content\">The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API\u2019s report is published every Tuesday and EIA\u2019s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency.<\/p>\n<\/section>\n<p>                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-65accordion3\"><\/p>\n<section class=\"fxs-faq-module-section\">\n<h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-65accordion3\"><br \/>\n                            <span>How does OPEC influence the price of WTI Oil?<\/span><br \/>\n                        <\/label><br \/>\n                    <\/h3>\n<p class=\"fxs-faq-module-content\">OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.<\/p>\n<\/section><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>West Texas Intermediate (WTI), the US\u00a0crude\u00a0oil benchmark, is trading around $56.00 during the Asian trading hours on Thursday.\u00a0The WTI price\u00a0edges lower amid optimism over a peace agreement between Russia and Ukraine.<\/p>\n","protected":false},"author":2,"featured_media":45046,"template":"","news_category":[107],"class_list":["post-45045","news_analysis","type-news_analysis","status-publish","has-post-thumbnail","hentry","news_category-latest-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>WTI tumbles to near $56 amid Ukraine peace talks - Xlence<\/title>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WTI tumbles to near $56 amid Ukraine peace talks\" \/>\n<meta property=\"og:description\" content=\"West Texas Intermediate (WTI), the US\u00a0crude\u00a0oil benchmark, is trading around $56.00 during the Asian trading hours on Thursday.\u00a0The WTI price\u00a0edges lower amid optimism over a peace agreement between Russia and Ukraine.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.xlence.com\/en\/news-analysis\/wti-tumbles-to-near-56-amid-ukraine-peace-talks\/\" \/>\n<meta property=\"og:site_name\" content=\"Xlence\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-18T08:07:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/12\/Commodities_Oil-2_Medium-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"645\" \/>\n\t<meta property=\"og:image:height\" content=\"323\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xlence.com\/en\/news-analysis\/wti-tumbles-to-near-56-amid-ukraine-peace-talks\/\",\"url\":\"https:\/\/www.xlence.com\/en\/news-analysis\/wti-tumbles-to-near-56-amid-ukraine-peace-talks\/\",\"name\":\"WTI tumbles to near $56 amid Ukraine peace talks - 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