Oil price slips to $70

Read on the website Vestnik Kavkaza
Vestnik

Oil prices fell on Wednesday after Russian President Vladimir Putin and U.S. President Donald Trump held talks.

Brent oil crude futures fell 23 cents, or 0.3%, to $70.33 a barrel by 0730 GMT. U.S. West Texas Intermediate crude (WTI) was down 25 cents, or 0.4%, at $66.65.

A potential ceasefire in the Russia-Ukraine conflict could lead to an easing of sanctions on Russian energy, which might raise oil supply and ease prices, analysts said.