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Trump-Kim summit: Oil markets stable amid cautious optimism over outcome

Global markets edged up as the highly anticipated summit got underway amid expressions of goodwill

Reuters  |  Singapore 

Oil markets were stable on Tuesday amid cautious optimism over the outcome of a summit between US President Donald Trump and North Korean leader Kim Jong Un in Singapore. Movements in crude markets were also limited ahead of a meeting between the Organization of the Petroleum Exporting Countries (OPEC) and some of its allies on June 22 that may determine the crude production policy of several major producers. Brent crude futures were trading at $76.45 per barrel at 0355 GMT, little changed from their last close. US West Texas Intermediate (WTI) crude futures were at $66.16 a ...

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First Published: Tue, June 12 2018. 10:54 IST