Oil prices fell after Russia agreed to temporarily halt attacks on Ukrainian energy facilities, potentially leading to more Russian oil entering global markets. The agreement marks a positive step towards resolution and reduces oil supply disruption risks. A potential ceasefire could lead to an easing of sanctions, raising oil supply and easing prices. US tariffs on Canada, Mexico, and China have raised recession fears, weighing on oil prices. Rising Middle East tensions and mixed US crude oil stocks data also impact oil markets.