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Business / Energy

Oil prices stabilize after news of possible US, Russian presidents' meeting soon

Published: 07 Aug 2025 - 08:00 pm | Last Updated: 07 Aug 2025 - 08:02 pm
File photo

File photo

QNA

London: Oil prices stabilized on Thursday, giving up gains made earlier in the session after the Kremlin revealed a possible meeting between Russian President Vladimir Putin and his US counterpart, Donald Trump, next week.

Brent crude futures rose 24 cents, or 0.4 percent, to $67.13 a barrel.

US West Texas Intermediate (WTI) crude rose 21 cents, or 0.3 percent, to $64.56.

Both benchmarks fell about 1 percent on Wednesday, hitting their lowest levels in eight weeks, after Trump's comments about progress in talks with Moscow.