Crude oil prices declined on Friday after signals that a peace deal between Russia and Ukraine could be reached, which would boost global market supply. The day before, Ukrainian President Volodymyr Zelensky received a peace plan drafted by the US administration, described by the White House as “good” for both Kiev and Moscow. Zelensky ensured that Ukraine and the US would jointly work on the peace plan provisions. Additionally, media reports signaled that the US President Donald Trump’s administration offered Ukraine a security guarantee similar to NATO’s Article 5.WTI for deliveries in January dropped by 1.33% at 2:48 am ET to $57.84 per barrel. Meanwhile, Brent for the same month’s settlements fell by 1.11% at 2:49 am ET, going for $62.28 per barrel.