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Oil Slips as Markets Eye Possible Russia-Ukraine TalksSingapore, 19 Aug (ONA) — Oil prices edged lower in early Asian trading today as investors weighed planned three-way talks involving Russia, Ukraine and the United States aimed at ending the conflict in Ukraine.
Brent crude futures fell 53 cents, or 0.8%, to $66.07 a barrel, while US West Texas Intermediate (WTI) crude for September delivery — which expires Wednesday — dropped 44 cents, or 0.7%, to $62.98.
The more active October WTI contract slid 55 cents, or 0.9%, to $62.15 a barrel.
The declines came after both benchmarks settled about 1% higher in the previous session. — Ends/AH
