Reported about 12 hours ago
Oil prices fell as traders anticipated discussions between U.S. President Donald Trump and Russian President Vladimir Putin, which could potentially ease sanctions on Russia. Brent crude dropped by 1.3% to $65.95, while U.S. West Texas Intermediate fell by 1.5% to $62.99. With a ceasefire in Ukraine on the agenda, analysts express concern over the potential for increased Russian oil production if peace talks progress, alongside worries about weak economic signals from China affecting fuel demand and forecasts of a growing oil market surplus.
Source: YAHOO