(Reuters) -Oil prices were little changed on Tuesday after rising in the previous session as concerns supply will exceed demand next year outweighed worries Russian shipments will remain under sanctions as talks to end the Ukraine war remain inconclusive.

Brent futures fell 17 cents, or 0.3%, to $63.20 a barrel as of 0158 GMT. West Texas Intermediate (WTI) crude declined 12 cents, or 0.2%, at $58.71.

Both crude benchmarks gained 1.3% on Monday as rising doubts about a peace deal to end the Russia-Ukraine war reduced expectations for the unfettered flow of Russian crude and fuel supplies, which are under sanctions from Western nations.

Even as market participants worry about Russian shipments, the overall outlook for crude oil supply and demand balances in 2026 is looser amid numerous fo

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