Brent crude oil futures fell below $63 per barrel on Friday, declining for the third session and setting up a weekly loss, after President Volodymyr Zelenskiy signaled willingness to pursue peace talks. The blueprint, drafted by the US and Russia, is expected to be discussed further when Zelenskiy speaks with President Donald Trump in the coming days. The proposals reportedly include territorial concessions by Ukraine and the lifting of sanctions, which could open the door to higher Russian oil exports and increase oversupply concerns. Still, European diplomats remain skeptical that a deal will materialize. Meanwhile, US sanctions on two major Russian oil companies take effect today. The measures against Rosneft and Lukoil could leave as many as 48 million barrels of crude stranded at sea. Indian refiners, long reliant on discounted Russian supplies, are now seeking alternative sources.