18 August 2025, 22:52 Oil: Brent Rises Over 1%
Brent crude oil futures rose 1.1% to settle at $66.6 per barrel on Monday, following talks in Washington between US President Donald Trump and Ukrainian President Volodymyr Zelensky, coming after an inconclusive US-Russia summit in Alaska last Friday. Investors are closely watching the potential impact of the talks on global oil supply, including possible changes to sanctions or steps toward reconciliation. Trump signaled that Ukraine should give up hopes of reclaiming annexed Crimea or joining NATO, aligning more with Moscow on pursuing a peace deal rather than a ceasefire. Concerns over energy flows resurfaced after White House adviser Peter Navarro criticized India’s purchases of Russian crude. Oil prices have fallen over 10% this month, pressured by trade tensions and rising OPEC+ supply.
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