Oil futures slipped amid expectations of progress in efforts to end the Ukraine War. Ukrainian President Volodymyr Zelensky met with European leaders, seeking input into a U.S. peace proposal that seems to favor Russian positions.

U.S. oil futures dropped 1% to $59.45 a barrel.

Repsol and HitecVision said they would merge their joint venture Neo Next Energy with TotalEnergies' U.K. offshore oil and gas production business.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

12-08-25 1747ET

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
S&P GSCI PETROLEUM INDEX	224.96PTS	+0.04%	+1.65%	-
S&P GSCI ENERGY INDEX	207.23PTS	+0.13%	+0.31%	-
BRENT CRUDE OIL SPOT	63.35USD	-0.63%	+4.39%	-
WTI	59.01USD	-0.92%	+3.14%	-
TOTALENERGIES SE	55.31EUR	+0.34%	-0.86%	14TCr

Latest news about S&P GSCI Petroleum Index

22/11	Oil India Limited Achieves Safe Capping of Well 76 At Kharsang	CI
22/11	BP crew excavates Olympic Pipeline, yet to find cause of leak	RE
22/11	Bp says Olympic Pipeline continues to respond to a release of refined products east of Everett, Washington	RE
22/11	Energy Rallies on Rate Outlook -- Energy Roundup	DJ
22/11	US stocks jump on Fed rate cut bets but lose ground on the week	RE
22/11	US Equity Markets Close Higher After Comments on Rate Cut by New York Fed President John Williams	MT
22/11	Oil Prices Decline as Potential Russia-Ukraine Peace Deal Seen Boosting Supply	MT
22/11	ICE Review : Weakness in Canola Ahead of Weekend	DJ
22/11	Sector Update: Energy	MT
22/11	Florida Republicans oppose Trump offshore oil leasing plan	RE
22/11	Sector Update: Energy Stocks Advance in Afternoon Trading	MT
21/11	The Week in Oil : Excess Supply, Ukraine-Russia Peace Deal in Focus	DJ
21/11	Sector Update: Energy	MT
21/11	Exchange-Traded Funds Rise as US Equities Point Higher After Midday	MT
21/11	Tuktu Resources Ltd. Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2025	CI
21/11	Med crude-Discounts for Urals oil widen in India on weak demand	RE
21/11	Us drillers add oil and natgas rigs for third week in a row - baker hughes	RE
21/11	CANADA FX DEBT-Canadian dollar heads for weekly decline as retail sales fall	RE
21/11	North Sea crude-WTI Midland offered higher	RE
21/11	Nymex Overview : Petroleum Futures Fall on Peace Deal Uncertainty -- OPIS	DJ
21/11	Lukoil's Finnish fuel chain Teboil files for corporate restructuring, STT reports	RE
21/11	Paris: Flat Close as Fed Rate Cut Uncertainty Returns
21/11	Harbour Energy Explores U.S. Deals -- Commodities -2-	DJ
21/11	CAC40: Struggles to Halt Decline, Ends Week Down 2.5%
21/11	PA Resources posts QTRLY profit attributable 6.3 million RGT	RE