Oil prices were steady throughout the day and week, with investors focused on the meeting between the US and Russian presidents on Friday night.
West Texas Intermediate crude traded near $64 a barrel after surging 2.1% in the previous session to offset losses earlier in the week, while Brent closed above $66 in thin trade.
Vladimir Putin ramped up his appeal before the summit in Alaska, while Donald Trump sought to dampen hopes for a breakthrough. Any sign of easing US sanctions on Russian energy could lead to a further decline in oil prices, which have fallen about 10% this year amid concerns over the impact of Trump's trade policies on demand and the sooner-than-expected return of OPEC+ barrels to the market.
Expectations of a record-breaking supply glut next year weighed on the market. Meanwhile, Ukrainian drones attacked Lukoil PJSC's main refinery in Volgograd early Thursday, while Kyiv has stepped up attacks on Russian energy infrastructure this month. (alg)
Source: Bloomberg
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