Oil falls to the lowest levels in two months, amid anticipation to meet Trump and Putin

Oil prices have dropped to the lowest closing level in more than two months, at a time when traders are awaiting the planned meeting between Russian President Vladimir Putin and US Donald Trump, which could affect the size of the offer of Russian crude in global markets. The price of “Brent”, October delivery, dropped 0.7% to settle at $ 66.43, and the “West Texas” Ru -Futures have dropped below $ 64 a barrel since the beginning of June. According to policy matters, the Kremlin assistant for foreign policy matters said. For reporters, Russia and the United States agreed to the meeting meeting, and this will be revealed later. Meanwhile, the S&B 500 index has fallen, while the dollar is strengthened. Trump’s fees and its impact on oil saw this week that a rush over Trump’s efforts to impose a ceasefire in Ukraine, while the president has doubled customs duties on goods coming from India due to the purchases of Russian energy in New Delhi. These fees will come into effect after three weeks, at a time when it did not reach the extent of the imposition of more punishments at supplies, measures that some traders were afraid of. Also read: Analysts: Trump fees by 50% can reduce the growth of India by 1%. Daril Fletcher, the general manager of the basic commodities of the Bannokbertin Capital Markets: an exhibition surplus by the end of the year. “Rough prices dropped during August after winning profits over three consecutive months. Traders are preparing for the possibility of a subsequent exhibition this year, at a time when the” OPEC+”alliance returned millions of barrels from supplies to the market. Futures were also concerned about the slowdown in economic growth and the decrease in energy use. Khwarizmi can increase the frequency of decrease, the algorithm traders who are known can detect the trends, from the severity of the decline, and according to Daniel Ghali, the commodity strategy can be sold in TD CID. Significant declines remain very low, ‘Ghali said. The main storage center in coastal is still recovering from critically low levels, an increase for the fifth consecutive week, which is the longest series of heights since 2023.