Latest Oil Market News and Analysis for August 13

Oil was steady after dropping in thin trading on Tuesday, with investors looking to talks between the US and Russian leaders on Friday for fresh impetus.

Global benchmark Brent traded above $66 a barrel after slipping 0.8% in the previous session while West Texas Intermediate was near $63. US Secretary of State Marco Rubio spoke with his Russian counterpart Sergei Lavrov to prepare for the summit between Donald Trump and Vladimir Putin, even as he reiterated the meeting may not lead to a breakthrough in the Ukraine conflict.

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