Crude Oil Prices Slip as Easing Russia Supply Fears Follow Trump-Putin Talks

Crude Oil prices dipped during early Asian trading on Monday, as concerns over potential disruptions to Russian crude exports subsided in the wake of last week’s meeting between U.S. President Donald Trump and Russian President Vladimir Putin. The summit, which concluded without a breakthrough on a Ukraine ceasefire, helped reduce fears of immediate new sanctions.

As of 20:30 ET (00:30 GMT), Brent crude futures for October delivery were down 0.4%, trading at $65.62 per barrel. Meanwhile, West Texas Intermediate (WTI) futures slipped 0.2% to $62.66 per barrel.

Both benchmarks had dropped nearly 1.5% on Friday, closing out the week with steep losses ahead of the high-stakes U.S.-Russia meeting.

Crude Oil Pulls Back as Trump Signals Diplomatic Shift Toward Russia

At the Alaska summit, Trump appeared to take a more conciliatory stance, expressing support for a broader peace deal with Moscow over Ukraine, rather than insisting on an immediate ceasefire.

This softened approach reduced expectations of imminent energy sanctions, alleviating fears that Russian oil exports could face tighter restrictions.

Just days prior, Trump had emphasised that a ceasefire would be a non-negotiable demand, even threatening to walk away from negotiations and implement tougher measures against the Kremlin. Those earlier warnings had stoked market anxiety about constrained global supply.

In a separate development on Friday, Trump said he was not rushing to impose tariffs on countries like China that continue to purchase Russian oil. However, he cautioned that punitive action could still come within weeks if meaningful progress toward ending the war is not achieved.

China and India remain the largest importers of Russian crude, helping Moscow maintain export volumes despite Western sanctions.

Also Read: Weekly Market Recap As of August 14, 2025: Flat Close, Key Bills Passed, and Major Q1 FY26 Earnings Updates 

Markets Eye Trump-Zelenskiy Talks for Clarity on Ukraine Conflict

Looking ahead, all eyes are on Trump’s upcoming meeting with Ukrainian President Volodymyr Zelenskiy and several top European leaders in Washington, scheduled for Monday. The focus will be on hammering out the framework for a potential peace agreement to end the prolonged Ukraine conflict.

European leaders are expected to present a united front, aiming to ensure that any resolution respects Ukraine’s sovereignty and territorial integrity—an outcome that may prove difficult given the divergent positions on diplomacy with Russia.

Investors remain cautious, closely monitoring the geopolitical negotiations that continue to shape the outlook for global oil supply and energy markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.