Initially in the red, the Brent nibbles 0.55% to $ 66.21 around 11:25 a.m. For its part, WTI grabbed 0.70% to $ 63.24.
Oil prices are undecided on Monday before the meeting in Washington between Donald Trump and Ukrainian President Volodymyr Zelensky, surrounded by European leaders, who could have an impact on Russian oil sanctions.
Initially in the red, the price of the Brent of the Brent of the North Sea, for delivery in October, nibbled 0.55% to 66.21 dollars around 9:25 gmt (11:25 HEC).
Its American equivalent, a barrel of West Texas Intermediate, for delivery in September, scored 0.70% to 63.24 dollars.
“The main points of the summit” between the US head of state and his Russian counterpart Vladimir Putin in Alaska on Friday “remained secret,” said Tamas Varga, analyst at PVM.
At most Donald Trump summoned kyiv to accept territorial concessions and mentioned the track of a collective security clause inspired by article 5 of NATO, apart from the framework of the Atlantic Alliance, considered by Moscow as an existential threat.
“Negotiations did not make it possible to obtain a ceasefire” at this stage, but “their tone and the absence of +very serious consequences” as Mr. Trump had threatened “in the absence of a truce attenuate, or at least delay, the risks of more strict sanctions” against Russia, estimates Warren Patterson, analyst at ING.
In the event of a failure of the talks, the head of American diplomacy, Marco Rubio, however warned on Sunday that Washington could take “new sanctions” against Moscow.
For black gold, a diplomatic advance could induce reduced sanctions against Russia, including for its energy sector.
Facilitation of Russian gross exports is likely to lead courses, in a market already subject to fears of an excess of supply.
Conversely, hardened sanctions are a factor in increasing prices.
To support kyiv’s position will notably be present on Monday the French president Emmanuel Macron, the German chancellor Friedrich Merz and the head of the Italian government Giorgia Meloni.
A possible “lifting of the sanctions in force” on Moscow “should in principle” also “weigh on gas prices”, indicates Bjarne Schieldrop, of Seb.
On Monday, the term contract of the Dutch TTF, considered to be the European reference of natural gas, resumed 0.80%, at 31.280 euros per megawatt hour (MWH), after having received a lower since May 2024, at 30.300 euros/MWh.