Oil remains stable in anticipation of the Trump-Putin meeting in Alaska

On Thursday, oil prices held steady as investors weighed the potential impact of the forthcoming U.S.-Russia summit on Ukraine concerning Russian crude oil supplies. This follows a warning from U.S. President Donald Trump about "severe consequences" for Russia if a peace agreement is not achieved. By 1202 GMT, Brent crude futures had climbed 25 cents, or 0.38%, to $65.88 per barrel, while U.S. West Texas Intermediate crude futures increased by 26 cents, or 0.42%, reaching $62.91.