Oil falls as IEA raises supply forecast, investors await US-Russia meeting

Tamara Ceaikovski

LONDON :Oil prices fell on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday's meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Brent crude futures fell 45 cents, or 0.7 per cent, to $65.67 a barrel at 0831 GMT, while U.S. West Texas Intermediate crude futures edged down 53 cents, or 0.8 per cent at $62.64. Both contracts settled lower on Tuesday. Trump and Putin are due to meet in Alaska on Friday to discuss ending

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Oil falls as IEA raises supply forecast, investors await US-Russia meeting https://www.channelnewsasia.com/ - 13.08.2025 13:29

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Oil falls as IEA raises supply forecast, investors await US-Russia meeting https://www.channelnewsasia.com/ - 13.08.2025 13:29