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Indonesia News Portal for Traders | Financial & Business Updates

15 August 2025 21:29  |

Putin and Trump Meeting in Focus!

Oil prices weakened following the Trump-Putin meeting in Alaska today. Brent fell 0.93% to $66.18/barrel at the time of writing.

The market is weighing the possibility of a ceasefire in Ukraine, which could lead to the easing of Russian oil sanctions, versus a stalemate that risks triggering secondary US sanctions.

Sentiment is also being weighed down by weak Chinese data (falling factory output, slowing retail sales) and concerns about a supply surplus as OPEC+ production increases. The IEA assesses that the market is likely oversupplied, making the price rally easily contained.

Oil prices at the time of writing were at $66.18/barrel.

- Buy if the price moves to around $66.23

- Sell if the price moves around $66.13

 

Resistance 2: $66.33

Resistance 1: $66.23

 

Support 1: $66.13

Support 2: $66.03

DISCLAIMER

Note: This article is analytical only and is not a definitive reference. Please consider fundamental and technical aspects of trading before making any investment decisions.(ayu)

Source: Newsmaker.id

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