Oil Falls With Traders Awaiting Possible Trump-Putin Meeting

Oil fell to its lowest settlement price in more than two months as traders awaited a planned meeting between Presidents Vladimir Putin and Donald Trump that may affect the availability of Russian crude supplies in the global market.

West Texas Intermediate futures slipped to settle below $64 a barrel, marking the lowest settlement price since early June. The drop also sealed a six-session losing streak, the longest since December 2023. Kremlin foreign policy aide Yuri Ushakov told reporters Russia and the US had agreed on a venue for the meeting, which would be disclosed later. Meanwhile, the S&P 500 retreated, and the dollar strengthened.