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Story summary
- U.S. President Donald Trump proposed a peace deal in the Russia-Ukraine conflict.
- Brent crude futures fell to $62.56 per barrel.
- West Texas Intermediate fell to $58.06 per barrel.
- French authorities are investigating the oil tanker Boracay for suspected ties to Russia's “shadow fleet.”
- New U.S. sanctions on Rosneft and Lukoil took effect, contributing to a bearish market outlook.
