Oil prices were rising after Russia's President Vladimir Putin expressed reservations about President Donald Trump’s proposal for a resolution of the three-year-old conflict in Ukraine. Putin said he

Oil prices rebounded on Friday after a more than 1% loss in the previous session, partly due to the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets.

The Russian Ministry of Finance has reported a budget deficit of 2.7 trillion rubles (31 billion dollars) for the first two months of 2025, more than double the amount planned for the entire year. The primary reasons for this are accelerated military spending and falling oil prices.