India, Aug. 15 -- Crude oil traded lower on Friday amid expectations of a positive outcome from the meeting between the presidents of the US and Russia today. The possibility of further talks remains unclear at this point.
WTI Crude Oil for September delivery was last seen down by $1.20 (or 1.88%) at $62.76 per barrel.
To end the long, three-plus-year conflict between Russia and Ukraine, which began with the former's invasion of its neighbor in 2023, some days before, US President Donald Trump gave an ultimatum to Russia to end the conflict or face sanctions, a threat which Russia ignored.
Stepping up efforts to broker a ceasefire, today, Donald Trump is meeting with Russian President Vladimir Putin in Anchorage, Alaska, around 03:00 p.m...