Negotiations in Abu Dhabi lowered oil prices.
Negotiations between Russia, the US and Ukraine in Abu Dhabi, which began on November 10, 2026, are already having an impact on the global energy sector. The mere announcement of the negotiations caused a drop in prices. On November 3, Brent futures fell about 1% to $103.60 a barrel.
Today, until 17:45 Moscow time, Brent for delivery in January is worth $90.25 (-2.5%), WTI for delivery in December is $85.29 per barrel (-1.8%).
Analysts directly attribute the decline to hopes for an end to the conflicts and, as a result, an increase in supplies.
The main factor is the possibility of easing the Western sanctions if peace agreements are reached. Russia is the world's third-largest oil producer, and the lifting of restrictions could bring significant quantities back into the market, putting additional downward pressure on prices.
It should be added that the main reason for lowering oil prices is still the quiet course in Iran. Trump said the day before that he doubts new attacks on Iran, and oil fell by 6%, NIK notes.
Oil and capital.