Oil started to grow after two sessions of decline

On Thursday morning, oil prices are recovering after falling the day before. Brent futures on the ICE Futures exchange rose to $66 per barrel, September WTI contracts on the NYMEX rose to $63 per barrel.

Yesterday, Brent prices fell to $65.01 per barrel, the lowest since June 6, and WTI prices fell to $61.94, the lowest level since June 2.

Markets are awaiting a meeting between US President Donald Trump and Russian leader Vladimir Putin, which will take place on Friday in Alaska. Trump said that Russia would face consequences if it did not express its readiness to cease hostilities, but did not specify the details. US Treasury Secretary Scott Bessant previously allowed the imposition of sanctions and secondary duties if the negotiations failed.

Analysts note that the uncertainty surrounding the negotiations increases the "risk premium" for oil prices, as buyers of Russian oil fear a possible tightening of economic pressure.

The International Energy Agency yesterday lowered its forecast for global oil demand growth in 2025 from 704,000 to 685,000 barrels per day, while raising its supply estimate by 370,000 b/d to 105.5 million b/d.

Oil reserves in the United States, according to the Ministry of Energy, increased by 3.04 million barrels last week, to 426.7 million barrels, while analysts expected a decrease of 800 thousand.