The peace issue between Russia and Ukraine is showing signs of progress again, while oil prices remain under pressure.

InvestingLive analyst Adam Button stated that today, WTI crude oil fell by over 3%, hitting a new daily low. Oil prices have been under pressure since earlier reports indicated that the Trump administration had secretly negotiated with Russia to develop a new plan to end the conflict in Ukraine. It is worth noting that the plan appears to include a framework for US-Russian relations after the Russia-Ukraine conflict ends, which could clear obstacles for energy exports. This week, Goldman Sachs emphasized that there will be an oversupply in the oil market by 2026 and predicted that oil prices will bottom out at $50 by this time next year.