WTI Oil flat $62 as Trump hosts Ukraine peace talk; MCX Crude down 2%

WTI crude oil futures traded flat around $62 per barrel on Monday as markets turned their focus to Washington, where US President Donald Trump met Ukrainian President Volodymyr Zelenskiy in a bid to advance a peace deal with Russia. The talks, joined by European and NATO leaders, followed Trump?s recent meeting with Vladimir Putin, where Moscow?s territorial demands took center stage. Trump also signaled a softer stance on sanctions, easing urgency on penalizing Russian oil flows. On the domestic front, MCX September oil futures slipped 2% to ₹5430 per barrel, marking another leg lower in a month that has already seen crude tumble more than 10%. The sell-off continues to be fueled by worries over the economic fallout of Trump?s tariffs alongside rising OPEC+ supply weighing heavily on market sentiment.

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