Oil prices are still falling in the midst of anticipation of Trump's upcoming decisions to Russia

Oil prices have dropped to the fifth consecutive session, with traders waiting to see if US President Donald Trump will put strict measures to limit Russian energy flow. RAW continued his losses after a report that Trump is planning to meet Russian President Vladimir Putin soon. Brent -ru, October delivery dropped 1.1% to settle at $ 66.89 a barrel, and the Western Texas worlds fell 1.2% to close over $ 64 a barrel at a level, with the longest range of daily losses since September. The traders have prepared for the possibility that Trump is taking a more soft position against Russia than the administration previously inspired. Futures also declined after the New York Times reported that Trump intended to meet Putin personally as soon as possible, followed by a triple meeting with Ukrainian president, Voludimir Zellinski. Conflicting indicators that previously deepened the uncertainty talked about “great progress” achieved during his special meeting with Putin, but he did not exclude the possibility of more sanctions on Russia’s oil revenue. These developments have increased the uncertainty in a market that mainly suffers from conflicting signals on supply and demand. On the side of the show, US crude shares have decreased as local refineries have reached their highest seasonal levels since 2019, but on the other hand, Trump repeated his desire to see low oil prices, repeating and ending the war in Ukraine. “If energy prices fall enough, Putin will stop killing people,” Trump said in an interview with CNBC on Tuesday. He added: “If the price of the barrel drops another $ 10, it will not have a choice because the economy is collapsed.” New customs duties on India The White House this week announced an additional customs duties by 25% on India due to the purchase of oil from Russia. However, these fees will not enter the implementation of 21 days ago, which keeps the markets in the event of anticipation of the possibility that Trump should take extra steps. US special envoy Steve Witkev talks with Putin in the Russian capital Wednesday, just two days before the deadline that Trump set to Moscow to stop the war in Ukraine. The Kremlin said that the meeting was constructive, and that the two parties, according to the Russian media, exchanged “signs” regarding the conflict. The markets monitored the effects of Trump’s policy on request. The prices of US crude oil futures have ranged between $ 65 and $ 7, since the end of June, while clients monitor the effect of Trump’s potential customs on world consumption, and whether the pressure on India will change the pattern of its oil purchases. The market is also awaiting the production increases of the “OPEC+” coalition, which agreed at the end of last week to raise the stock again in September, which increased the fear of a surplus in the offer during the second half of the year. Saudi Arabia also raised its oil prices for the second consecutive month, citing his confidence in the strength of demand, which contributed to reducing the losses of crude prices. The diesel markets also maintained the narrow supplies, which delivered extra prices.