19 Aug 2025
WTI price recovers above $62.50 as traders brace for Trump-Zelenskiy meeting
WTI price rebounds to around $62.55 in Tuesday’s early Asian session.
Trump said he had spoken to Putin to begin making plans for a summit with Ukraine’s Zelenskiy. Reduced Fed rate cut expectations might cap the upside for the WTI price. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.55 during the early Asian trading hours on Tuesday. The WTI edges higher after talks between US President Donald Trump and his Ukrainian counterpart in the wake of an inconclusive US-Russia summit in Alaska on Friday. Traders await the release of the American Petroleum Institute (API) weekly Crude Oil Stock, which is due later on Tuesday.
