The market also expects the results of a meeting in Washington between Trump and President of Ukraine Vladimir Zelensky.
Oil markets are preparing for a restrained price reaction after the opening against the rear of US President Donald Trump’s meeting with Russian dictator Vladimir Putin in Alaska. The Reuters reported it on Sunday, August 17th.
Trump said the goal was a whole peace agreement for Ukraine, and not just a ceasefire.
He also said that after a conversation with Putin, he would prevent the introduction of duties against countries, including China, to buy Russia’s oil. Earlier, the head of the White House threatened to restrictions against Moscow and second penalties against countries, including China and India, who imported Russian oil, if the steps were not taken to end the war.
“This means that Russian oil will continue to flow without obstacles, which should negatively affect oil prices. It is necessary to note that, in our opinion, its influence will be minimal, and prices may experience a small fall in the near future as a result of this news,” said ICIS analyst Adzai Parmar.
The market also expects the results of a meeting in Washington between Trump and President of Ukraine Vladimir Zelensky. According to the Reuters’ resource, European leaders were also invited to negotiations.
“Participants in the market are monitoring the comments of European leaders, but to this day the risks of delivery interruptions from Russia remain limited,” said UBS analyst at Giovanni Staunovo.
On Friday, Brent closed $ 65.85 per barrel, while the American WTI was $ 62.80, nearly $ 1 below the indicators on the eve of Alaska negotiations.
After the introduction of western penalties, including the ban on sea transportation and price restrictions on Russia’s oil, Russia is re -re -appointing supplies in China and India.
As you know, the main topic of negotiations between Trump and Putin in Alaska is the Russian war against Ukraine. According to the results of the summit, the US president said there was no stopping agreement, but it seems like “there is a very good opportunity to reach permission.”
This morning, Trump conducted negotiations with the President of Ukraine Vladimir Zelensky and European leaders. According to their results, Zelensky announced a visit to Washington on August 18.
Gas in Europe fell to a minimum in front of the summit in Alaska
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.