Oil prices declined on Monday, with Brent crude falling 0.4% to $65.62 per barrel and WTI slipping 0.2% to $62.66.
Last week’s Alaska summit between U.S. President Donald Trump and Russian President Vladimir Putin signaled a softer U.S. stance on sanctions, reducing fears of tighter Russian crude flows. Traders are now watching Trump’s upcoming talks in Washington with Ukrainian President Volodymyr Zelensky and EU leaders for progress on a potential peace agreement.
Both Brent and WTI ended last week with sharp losses, adding pressure to the outlook for crude as market sentiment remains cautious.