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Oil Updates — prices stable ahead of Trump-Putin meeting in Alaska
LONDON: Oil prices were stable on Thursday as investors weighed the potential impact of the upcoming US-Russia summit on Ukraine on Russian crude flows, after US President Donald Trump warned of “severe consequences” for Moscow if it does not agree to peace. Brent crude futures were up 49 cents, or 0.75 percent, at $66.12 a barrel by 3:03 p.m. Saudi time, while US West Texas Intermediate crude futures rose 51 cents, or 0.81 percent, to $63.16.
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