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By Florence Tan
SINGAPORE (Reuters) -Oil costs slipped in early Asian commerce on Monday as the US didn’t exert extra strain on Russia to finish the Ukraine warfare by implementing additional measures to disrupt Moscow’s oil exports after presidents from each international locations met on Friday.
Brent crude futures dropped 32 cents, or 0.49%, to $65.53 a barrel by 2213 GMT whereas U.S. West Texas Intermediate crude was at $62.57 a barrel, down 23 cents.
U.S. President Donald Trump met Russian President Vladimir Putin in Alaska on Friday and emerged extra aligned with Moscow on searching for a peace deal as a substitute of a ceasefire first.
Trump will meet Ukrainian President Volodymyr Zelenskiy and European leaders on Monday to strike a fast peace deal to finish Europe’s deadliest warfare in 80 years.
“What was primarily in play had been the secondary tariffs focusing on the important thing importers of Russian vitality, and President Trump has certainly indicated that he’ll pause pursuing incremental motion on this entrance, a minimum of for China,” RBC Capital analyst Helima Croft stated in a notice.
“The established order stays largely intact for now,” she stated, including that Moscow is not going to stroll again on territorial calls for whereas Ukraine and a few European leaders will balk on the land-for-peace deal.
(Reporting by Florence Tan; enhancing by Diane Craft)
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