Oil price slips to $70

Maria Novoselova / Vestnik Kavkaza

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.

© Photo :Maria Novoselova / Vestnik Kavkaza
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