Oil prices sink, stocks soar on Ukraine talks ‘progress’
LONDON: World oil prices dived and European equities rallied Tuesday as apparent progress in peace talks between Moscow and Kyiv sparked hope of an end to the Ukraine conflict.
Europe’s benchmark Brent crude and New York’s WTI sank by about 6.5 percent as traders eyed easing Russian oil supply fears amid face-to-face Istanbul talks aimed at resolving the nearly five-week-old war.
