The price of oil drops below $ 66 per barrel is expected to be expected of the power agency

The price of crude oil fell slightly after the international energy agency said that the oil markets would see an increasing surplus in supply at the end of 2025 and next year. The Brent -Ru price fell 0.9% to about $ 66 a barrel, which continued the slight decline it recorded on Tuesday. The agency said oil supplies will be the fastest frequency of growth next year, and that it will reach the highest level in 46 months in June, a day after the US government strengthened its oil surplus expectations for the current year. The Trump-Potin meeting awaits in this context; Traders are waiting at the meeting of US President Donald Trump on Friday with his Russian counterpart Vladimir Putin in Alaska, who aims to end the war in Ukraine. Ukrainian President Folodimir Zellinski said he would not give up the East Dunbas region for Russia, a condition that Putin requested to release the ceasefire and requested the inclusion of Kiev in negotiations. Oil traders follow preparations for discussions, as this can lead to reducing US sanctions against Russia, a member of the “OPEC+” coalition. Prices have dropped this year as a result of the acceleration of the group producers for production increases, although the movements have been more moderate in recent days due to the poor size of the summer trade. “The markets remain waiting and anticipation before the upcoming meeting between Trump and Putin in Alaska,” said Kishaf Luhaya, founder of the Oiilixics Consulting Company. The US production forecasts also included the US Department of Energy, expecting US oil production to fall next year, before production reached a record level this year, partly due to improving the efficiency in the existing wells. At the same time, an US industrial report showed that national shares increased slightly last week, while official data will be published later Wednesday. Brent Ore, October delivery, dropped 0.3% to $ 65.90 a barrel at 10:07 a.m. in London. West -texas Intermediate RU, the September delivery, dropped 0.5% to $ 62.88 a barrel.