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Oil Prices Dip Amid Tensions Before Trump-Putin Meeting

8/13/2025

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Summary

Story summary

Oil prices dipped in Asia as anticipation builds for the August 15 meeting between U.S. President Trump and Russian President Putin over Ukraine. Brent crude fell to $65.97, reflecting rising geopolitical tensions and sluggish global demand. With Russia's oil exports dwindling, the economy feels the strain, and analysts caution that failure in peace talks could spark significant price fluctuations.

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Story summary

Oil prices dipped in Asia as anticipation builds for the August 15 meeting between U.S. President Trump and Russian President Putin over Ukraine. Brent crude fell to $65.97, reflecting rising geopolitical tensions and sluggish global demand. With Russia's oil exports dwindling, the economy feels the strain, and analysts caution that failure in peace talks could spark significant price fluctuations.