Crude-Oil Futures Edge Up in Rangebound Trade
Oil futures settle modestly higher in a rangebound session with the market looking to Friday’s planned meeting between Presidents Trump and Putin to discuss ways to end the Russia-Ukraine war.
“The crude trade is taking it mostly as if there will be some kind of temporary agreement that will keep Russian exports intact at least for now,” Dennis Kissler of BOK Financial says in a note.
Another potential source of volatility was kicked down the road as Trump extended for another 90 days the tariff truce with China to allow for further trade negotiations.