Oil Holds Near Two-Month Lows as Trump-Putin Meeting Looms

Oil was little changed after slumping 5% last week as investors await details from US President Donald Trump’s meeting with Russian President Vladimir Putin to gauge the trajectory of supply additions to the global market.

West Texas Intermediate settled near $64 a barrel, hovering near the lowest in two months in thin summer trading. On Friday, Trump didn’t reveal additional measures against Moscow or buyers of its crude as he announced a summit with Putin in Alaska. He had earlier declared an Aug. 8 deadline for the Kremlin to reach a ceasefire.

Trump later downplayed expectations for his upcoming meeting ...