Oil Prices Take a Tumble: What's Going On?

Oil prices have been on a rollercoaster lately. They've just had their biggest two-day drop in almost a month. Why? Well, it's a mix of things. First, there are these peace talks about Ukraine. If a deal happens, it could mean fewer sanctions on Russia. That would let more Russian oil flow into the market. More supply usually means lower prices. On top of that, there's already a lot of oil out there. Experts are saying there's more than enough to go around. So, prices might keep dropping. But it's not all doom and gloom. Some people think a rate cut could help. It might boost the economy and make people use more energy. That could push prices back up. Right now, oil prices are hanging around $56. 80 to $57. 50 per barrel. That's the sweet spot where people think they'll stay for a bit. It's all about supply and demand. More supply, lower prices. More demand, higher prices. It's like a seesaw. But with oil, it's a bit more complicated. There are lots of things that can tip the balance.