Oil markets have seen thin liquidity and rangebound prices this week, with ICE Brent hovering near $66 a barrel as traders focus almost entirely on the upcoming Trump–Putin meeting in Alaska.

Under President Joe Biden, American appeasement policies kept the Russian economy running hot, even as Biden refused to talk.

Crude oil and gasoline futures were lower ahead of midday Friday, leaving oil contracts on track for another week-to-week decline as the market awaits the outcome of a meeting between President Trump ...