On Monday (August 18), WTI crude oil rose 1% after U.S. President Donald Trump met with the President of Ukraine. The gains followed Friday’s U.S.-Russia summit in Alaska, which ended without results.
Analysts noted that tough remarks from U.S. advisers on India’s imports of Russian oil, along with delayed trade talks, renewed market concerns—energy supply flows remain constrained by trade and diplomatic frictions, even as prospects for Ukraine peace appear to brighten.
WTI crude futures settled 62 cents higher, up 0.99%, at $63.42 per barrel.
Trading suggestion: After dipping to a daily low of $62.3, crude oil rebounded strongly during the U.S. session, reaching a high of $63.88 before consolidating. The daily candle closed at $63.5 as a medium bullish candle with symmetrical shadows. This pattern suggests continued range-bound trading at lower levels today.
Trading strategy: Buy near 62.65, Stop loss 62.2, Target 63.5–64.2.
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