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The U.S. president Volodymyr Zelensky are set to meet on Monday. Russian oil remains a key economic pawn.
Natural gas and oil remain under pressure as geopolitical tensions, OPEC+ supply, and weak momentum weigh on market sentiment.
Oil prices slipped in early Asian trade on Monday as the United States did not exert more pressure on Russia to end the Ukraine war by implementing further measures to disrupt Moscow's oil exports after presidents from both countries met on Friday.
Crude traders await market reaction to Trump-Putin talks that could reshape Russian oil supply and shift the near-term oil outlook below key technical levels.
Crude oil holds a bearish bias below the 200-day MA, as traders await a 50-day break to confirm momentum. Geopolitics and weak China data add pressure.
Oil markets are set for a muted price reaction when they open on Sunday after U.S. President Donald Trump's and Russian leader Vladimir Putin's meeting in Alaska, at which Trump said a fully-fledged peace deal was the aim for Ukraine rather than a ceasefire.
The hype surrounding the historic summit Friday between U.S. President Donald Trump and Russian President Vladimir Putin makes clear that Russia — even under global sanctions — remains a powerhouse in the energy market.
Lipow Oil Associates President Andy Lipow describes what President Donald Trump's meeting with Russian President Vladimir Putin means for the outlook on oil and natural gas prices on 'The Claman Countdown.' #trump #market #russia #alaska #trade #summit #oil #clamancountdown #foxbusiness
Oil prices are losing ground as traders focus on rising supply.
Crude oil futures stall at the 200-day MA as bearish pressure builds. Traders eye supply risks, OPEC+ output, and weak China data in the oil outlook.