Oil Markets Amid Political Volatility and Weekly Losses: The Trump-Putin Summit in Focus!

Global oil markets witnessed sharp fluctuations this week, as political tensions and news of a possible summit between U.S. President Donald Trump and Russian President Vladimir Putin directly impacted prices. Oil registered clear weekly losses amid uncertainty sweeping the energy market, with investors closely anticipating any positive or negative signals that may emerge from the summit and its potential effects on international relations and oil prices.

This decline comes as major producers face increased pressure to adjust supply policies, and with varying expectations about the future of global oil demand, especially as macroeconomic developments continue. Markets remain highly attentive to political statements and maneuvers, viewing each as a key factor in determining price trends.

The anticipated Trump-Putin summit adds further ambiguity and suspicion to the markets, as both leaders play pivotal roles in global oil decision-making. Amid these circumstances, investors and producers await the coming days with caution, recognizing that impactful changes and decisions may heavily depend on the outcomes of the upcoming summit.