Oil prices have been in the midst of anticipation of the meeting between Trump and Putin

Oil prices stabilized unchanged, after falling 5% last week, with investors awaiting the details of US President Donald Trump’s meeting with his Russian counterpart, Vladimir Putin, to judge the additional supplies in the world market. The price of ‘Brent’ RU rose in October to settle at $ 66.63, and the Rubus “West Texas Intermediate” established nearly $ 64 a barrel, which approaches the lowest level in two months, amid a poor summer trade. Trump did not reveal additional measures against Moscow or his oil buyers on Friday, while announcing a summit with Putin in Alaska. He previously announced a deadline on August 8 to reach a ceasefire with the Kremlin. Later, Trump reduced expectations about his upcoming meeting with Putin, describing him as a ‘preliminary meeting’, saying he would consult with Ukrainian and European leaders after the meeting. American and Russian officials are working to reach an agreement that devotes Moscow’s control over the countries he seized during his military war, according to well -known people, while Washington tries to obtain the support of Ukraine and its European allies of this agreement, which according to people are still far from confirmation. The fears of supplies and the possibility of lifting sanctions have since dropped by the price of oil by more than 10% since the beginning of the year, at a time when the “OPEC+” coalition agreed to restore supplies at a faster pace than the plan, which ended in 2023. It also threatens to reduce economic growth by reducing consumption. A peace agreement with Ukraine can contribute to the lifting of sanctions on Russian supplies, which eliminate the risks of Moscow’s exports, especially after Trump’s recent statements, in which he confirms his intention to set his intention to the largest Russian oil importers. “This is not an agreement that will be concluded on Friday, but rather starts an operation. It is absolutely unlikely that Trump imposes sanctions on Russian oil during this operation, which means that the disruption of Russian supplies is not on the horizon,” said Pierni Sheldroub, senior sentity of the Sebab Bank. This week, investors are awaiting more indicators on the balance of supply and demand, with the monthly report of the ‘Organization of Petroleum Exporting Countries’ (OPEC), and the expectations of the US “Energy Information Administration” Tuesday, followed by the monthly “International Energy Agency” report.