Oil prices have been in the midst of anticipation of the US Russian top

Oil prices stabilized after falling in poor trade on Tuesday, while investors are waiting for the talks scheduled for Friday between the US and Russian presidents to gain a new momentum. The global ‘Brent’ crude oil traded more than $ 66 a barrel after it fell 0.8% in the previous session, while the ‘West Texas’ Ru oil near $ 63. US Foreign Minister Marco Rubio settled with his Russian counterpart Sergey Lavrov to prepare for US President Donald Trump and Russian President Vladimir Putin, while he Not the meeting can lead Ukrainian conflict. Awaiting the impact of discussions on supplies. Oil traders follow the preparations for the summit, given the possibility that they could reduce US sanctions against Russia, a member of the “OPEC+” coalition, which could lead to an increase in the market offer. Prices have fallen this year, at a time when the coalition agreed to end the voluntary discount, amid the possibilities of a surplus in supply, with the pressure of US customs duties on world demand. “Without the European Union and Ukraine at the negotiating table, it will be difficult to reach a ceasefire agreement,” said Gao Jian, an analyst at the company “Chicheng Futures” in the province of Shandong. He added: “Even if an agreement is not reached soon, the market only needs a clear direction, that is, to make progress in reducing the escalation, to weaken potential subsidies for prices.” The global supply expectations, the US Department of Energy, on Tuesday increased its forecasts for the global exhibition surplus to 1.7 million barrels per day this year, while the international energy agency will issue its estimates later on Wednesday. On the other hand, the Organization of Petroleum Exporting Countries (OPEC) retained its most optimistic prospects, which are expected to grow more than expected next year. Meanwhile, a US industrial report has shown that oil shares in the entire country have risen slightly last week. The official data will be published later on Wednesday. The total volume of “Brent” futures was less than the daily average during the early Asian trading hours, after relatively quiet sessions on Monday and Tuesday. Meanwhile, the implicit fluctuations of the index remained near the lowest level in two weeks for two months.