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Oil prices settle higher after Trump-Zelensky meeting
Business World Philippines
|August 20, 2025
Oil prices settled 1% higher on Monday after talks between US President Donald J. Trump and his Ukrainian counterpart in the wake of an inconclusive US-Russia summit in Alaska on Friday.
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Brent crude futures settled 75 cents, or 1.14%, higher at $66.60 a barrel. US West Texas Intermediate (WTI) crude gained about 62 cents, or 0.99%, to $63.42.
Last week, Brent eased by 1.1% while WTI dropped 1.7%.
Mr. Trump and Ukrainian President Volodymyr Zelensky met on Monday at the White House to discuss a path to ending Russia’s war in Ukraine.
Speaking to reporters in the Oval Office with Mr. Zelensky seated beside him, Mr. Trump expressed hope that Monday’s summit could eventually lead to a trilateral meeting with Russian President Vladimir Putin, adding that he believes Mr. Putin wants the war to end.
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