---
title: "Ukraine peace talk optimism knocks oil to lowest level since May"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-12-16T09:27:38+00:00"
modified: "2025-12-16T09:27:38+00:00"
date: 2025-12-16
canonical: "https://www.share-talk.com/ukraine-peace-talk-optimism-knocks-oil-to-lowest-level-since-may/"
category: "Blogs"
categories: ["Blogs", "Energy"]
tags: ["Brent Crude", "FRANCE", "GERMANY", "oil", "peace talk", "Russia", "UK", "Ukraine", "USA"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/12/GI8ppMVWgAAzrMF.webp?fit=750%2C406&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Ukraine peace talk optimism knocks oil to lowest level since May

**Published:** December 16, 2025
**Author:** sharetalk
**Categories:** Blogs, Energy
**Tags:** Brent Crude, FRANCE, GERMANY, oil, peace talk, Russia, UK, Ukraine, USA
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/12/GI8ppMVWgAAzrMF.webp?fit=750%2C406&quality=80&ssl=1)

---

Oil prices have fallen to their lowest level in seven months amid growing hopes of a peace deal between Russia and Ukraine.

Brent crude slipped 1% to $59.90 a barrel, its weakest level since early May, as markets reacted to diplomatic developments in Europe.

The move followed comments from European leaders indicating they are prepared to lead a “multinational force” in Ukraine as part of a US-backed peace proposal.

In a joint statement, the UK, France, Germany and eight other European countries said a “coalition of the willing”, supported by the US, could help rebuild Ukraine’s armed forces, secure its airspace and support maritime safety, including operations inside Ukraine.

The plan forms part of a broader package of security guarantees endorsed by the White House, which US and European officials say could represent a breakthrough in efforts to end the conflict.

However, major disagreements remain, particularly over the future status of Ukrainian territories currently occupied by Russian forces.

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