The oil market is waiting for the news from the meeting of the presidents of the US and Russia
A barrel of West Texas Intermediate oil in IX supplies costs $ 63.86 at Nymex in New York, below by 0.16 percent. Brent on ICE for October is valued at $ 66.77. for a barrel, after a 0.10 percent discount
Oil oil prices have fallen for about 18-19 percent over the last 12 months. The local peak fell in mid -June, when Israel's attack on Iran caused concerns about the supply and delivery of this raw material. One of the reasons to worry was the announcement of the closing of the Strait of the Ormuz.
Recently, oil prices were stable
Analysts of e-petrol.pl in the last report pointed out that the last days on the oil market were characterized by limited variability, and the meeting of the presidents of US and Russia planned for Friday's meeting on Friday has an impact on the conservative attitude of investors.
“The uncertainty related to conversations that will take place in Alaska is large, and they can be of key importance for the development of events on the oil market in the coming weeks or even months. Negotiations, depending on their result, can bring either exacerbation of American policy towards Russian oil recipients, or loosening current restrictions,” reads.
On Friday at the night of Polish time at the Elmendorf-Richardson military base in Anchorage in Alaska, the US President Donald Trump and Russian leader Vladimir Putin will meet. The main topic of conversations will be the war in Ukraine: suspension of weapons and “replacement of territories”.
Trump, answering journalists in the oval office on Thursday, announced that if the meeting with Putin is bad, it would end very quickly, if it is good, he will bring peace.
Trump added that he treated the Friday peak with Putin in Alaska as a preparation for the next meeting with the participation of the Ukrainian leader of Wołodymyr Zelanski.
Investors are waiting for the meeting of Trump and Putin
Trump and Putin are to meet in the US Air Force base at 11 local time, i.e. at 21 in Poland. According to the Kremlin information, both leaders will first meet in one -on -one format, and then there will be talks of the delegation of both sides.
According to the announcement of Donald Trump and his surroundings, the main goal of the American president is to be listening to Putin, to understand his intentions and obtain a suspension of weapons.
The American leader also pointed out that he would talk about the conversion of territories, but assured that He will not make any decisions in this matter, because these would be made during the next meeting with the participation of the Ukrainian president of Volodymyr Zelanski – and perhaps European leaders – to which Donald Trump wants to lead to Alaska shortly after the summit.
On Thursday, the American president assessed the chances of the success of US-Russia talks in Anchorage at 75 percent. Earlier, he threatened “very serious consequences” if Putin did not agree to the suspension of the weapon.
Considering that the US-Russia meeting will start only after the markets in Europe will be closed, as this event approaches this event, some investors' nervousness may be visible. Analysts indicate that the “bar” is not very high so that the pages can achieve a “positive” result.
