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  • 7 weeks ago
Oil Prices Drop Amid US-Russia Talks & Market Uncertainty | What’s Next for Oil?
Oil prices fell slightly as doubts emerged from the recent US-Russia meeting between President Trump and President Putin. Markets remain cautious about progress toward peace in Ukraine and the impact on oil supply. Watch to understand how these talks and upcoming Federal Reserve decisions could shape the future of oil prices and global markets.

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00:00Oil Prices Fall Amid Doubts Over U.S.-Russia Talks
00:03Oil prices fell yesterday, 18, as negative signals emerged from the meeting between U.S. President
00:09Donald Trump and Russian President Vladimir Putin, with doubts over progress toward peace
00:13in Ukraine pressuring markets. The international benchmark Brent crude fell by 0.03% to $65.75
00:22a barrel. The U.S. benchmark West Texas Intermediate, WTI, also decreased by 0.03% to $62.30 per barrel.
00:32Speaking at a press conference after the meeting, President Trump said significant progress had been
00:37made but conceded that no final agreement was reached. President Putin expressed hope that
00:42the understanding would pave the way for peace in Ukraine. Analysts said markets had largely expected
00:47the talks to yield no concrete outcome, but if progress is achieved, the potential for more
00:52Russian oil supply could put downward pressure on prices. In other news, investors are monitoring
00:57signals from Federal Reserve Chair Jerome Powell's remarks on interest rate cuts at the Jackson Hole
01:02Economic Policy Symposium this Thursday.
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