20 Aug 2025
WTI drifts lower to near $62.00 on talks to end Russian invasion of Ukraine
WTI price tumbles to around $62.05 in Wednesday’s early Asian session.
The White House said Russia-Ukraine meeting plans are ‘underway’ following Trump meetings.
US crude inventories fell 2.4 million barrels last week, API said.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.05 during the early Asian trading hours on Wednesday. The WTI edges lower on the prospect of peace in Ukraine after the end of talks between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy.
