Doha: Oil prices rose Thursday, following a sell-off in the previous session ahead of the anticipated meeting between US President Donald Trump and his Russian counterpart, Vladimir Putin. Brent crude futures increased by 28 cents, or 0.43%, reaching a price of $65.91 a barrel. Similarly, US West Texas Intermediate (WTI) crude futures saw a rise of 23 cents, or 0.37%, bringing the price to $62.89.
According to Qatar News Agency, both Brent and WTI contracts experienced declines to two-month lows on Wednesday. This drop was attributed to supply indicators released by the US government and the International Energy Agency (IEA), which influenced market expectations. The upcoming meeting between the two presidents is closely watched by market participants, given the potential implications for international oil supply and geopolitical relations.