Oil price uncertainty as Trump meets Putin

Trump and Putin set to meet causes uncertainty

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With Donald Trump set to meet with President Vladmir Putin regarding the conflict between Russia and Ukraine, tension had risen due to the nature of the oil market as a result of these meetings.

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Oil markets are holding steady ahead of the meeting. Traders are watching for any indication that the summit could lead to changes in sanctions on Russian oil. Easing restrictions could add supply to global markets, potentially pushing prices down. Conversely, if no progress is made and sanctions tighten, prices could rise due to perceived supply risks.

U.S. President Donald Trump set to meet Russian President Vladimir Putin causes tension in oil market