Oil Prices Begin the Week Lower as Trump-Putin Meeting Looms

OilPrice · Irina Slav · last updated August 10, 2025 – 11:24 PM

Crude oil prices extended their losing streak from last month, opening lower today on expectations that the Friday meeting between the presidents of Russia and the United States would yield a deal resulting in more oil supply. At the time of writing, Brent crude was trading at $66.24 per barrel, with West Texas Intermediate at $63.43 per barrel, after booking a drop of some 4% last week, after the deadline President Trump had set for Russia to end the war in the Ukraine passed and no stricter sanctions were effected as threatened, ING’s commodity…

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