Oil Slips as Trump Ramps Up Diplomatic Push to End Ukraine War

Oil slid as traders weighed the outlook for a ceasefire in Ukraine, with President Donald Trump pushing for a summit between Vladimir Putin and Volodymyr Zelenskiy after a series of high-level talks.

West Texas Intermediate fell 1.7% to settle near $62, while Brent dipped 1.2% to settle around $66. Any eventual peace deal could pave the way for fewer restrictions on Russian crude exports, though Moscow has largely kept its oil flowing since the conflict began.