Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1508 ET – Oil futures fell for the fourth time in five sessions after U.S. officials said Ukraine agrees with a U.S.-drafted peace plan to end the Russia-Ukraine war, with some details still to be sorted out. Prospects of an end to the war and the lifting of sanctions on Russia have reduced the geopolitical risk premium propping up oil, sending crude and diesel futures to one-month lows. Ritterbusch sees the recent selloff as an overreaction “because the difficult part of the negotiation process lies ahead and it appears that major gaps between parties still need to be filled.” WTI settles down 1.5% at $57.95 after falling as low as $57.10. Brent falls 1.4% to $62.48. (anthony.harrup@wsj.com)