Oil prices are rising slightly as the Trump-Putin summit approaches, although weekly losses are still expected.

Editor’s Note: This matters because fluctuations in oil prices can impact global markets and economies. The upcoming summit may influence geopolitical relations and energy policies.

Oil prices have risen by 2%, reaching a one-week high, driven by expectations of a Federal Reserve rate cut and upcoming talks between Trump and Putin.

Editor’s Note: This increase in oil prices is significant as it reflects market optimism regarding economic policies and international relations, which can impact global markets and consumer prices.