Oil Prices Dip Ahead of Key Trump-Putin Summit Amid Supply Concerns

Oil prices fell ahead of a pivotal summit between "Donald Trump" and "Vladimir Putin" as supply concerns mount amid an IEA forecast predicting an increasing glut.

• "Donald Trump" and "Vladimir Putin" have agreed to hold another summit on Ukraine, influencing market sentiments and contributing to the decline in the price of oil.
• Brent crude futures dropped 44 cents to $60.62 a barrel, while U.S. West Texas Intermediate futures fell 44 cents to $57.02 as supply concerns weighed heavily on the market.
• The International Energy Agency (IEA) projects a growing glut in oil supply, leading to a weekly loss of around 3% in the price of oil ahead of the summit.