Crude oil prices are set for another weekly decline today, after President Trump announced there were plans to meet with Russia’s Vladimir Putin in a couple of weeks to discuss an end to the war in the Ukraine. The hypothetical possibility of peace has ha traders prepare for a rebound in Russia oil exports, which would add to what most observers are calling a looming supply glut. This pressured prices further, after the IEA updated its glut prediction, now expecting the supply overhang to reach 2.4 million barrels daily in 2026, after adding…
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