U.S., China to meet on Monday to discuss the Russian invasion Source: Bloomberg Oil declined following a volatile week of trading after Ukraine’s president said talks with Moscow showed signs of becoming more substantive, prompting some cautious optimism about steps toward de-escalation. Futures in New York fell more than 3% to trade below $106 a barrel after rising Friday. The war in Ukraine has roiled commodity markets from crude to grains, leading to buyers shunning Russian oil as they navigate sanctions, though some are considering workarounds. Senior American and Chinese officials meet Monday as the U.S. seeks to enlist China to help end the invasion. “Oil is pricing in the chances of a rapprochement, given some encouraging comments,” said Vandana Hari, the founder of Vanda Insights. “The tide began to turn in favor of talks and compromise in Moscow and Kyiv last week.” There’s a flurry of diplomatic efforts […]