[MARKET UPDATE] Crude futures see downside as Zelensky says Ukraine, US and Russia officials will meet in UAE on Friday-Saturday

The announcement of a meeting between Ukraine, US, and Russian officials may signal potential diplomatic progress, which often pressures crude prices lower as it introduces uncertainty about future supply disruptions.

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[MARKET UPDATE] Crude futures see downside as Zelensky says Ukraine, US and Russia officials will meet in UAE on Friday-Saturday

Ukrainian President Zelensky says there will be a trilateral meeting of US, Russian and Ukrainian officials, commencing on Friday in the UAE and continuing into Saturday

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This meeting could affect market sentiment on energy security, particularly if any de-escalation is implied, potentially leading to a recalibration of risk in oil markets.

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