Oil prices climb after US adviser warns India over Russian crude imports

Contributing sentiments towards policy:

64% : Later in the day, Trump will meet first with Zelenskiy at 1715 GMT and then with all the European leaders at 1900 GMT.
57% : Also Read Oil markets steady as Trump, Putin target full Ukraine peace deal Mixed signals after ONGC Q1 nos; what's the best move for investors now?premium Crude Oil: Here's your trading strategy for August 12; key levels inside Oil holds steady on US-Russia deal reports, closes week down around 5% Russian oil offered to India at discounted rates amid tariff pressure The statement had triggered some buying interest in the market, SEB analyst Ole Hvalbye said.
46% : "I don't believe the oil market has priced in a full peace dividend that potentially could see prices of crude and EU gas suffer further setbacks," said Saxo Bank's head of commodity strategy, Ole Hansen. Speculators in the week to August 12 held the first-ever combined net short position in WTI (CME & ICE), leaving prices exposed to any upside surprises, Hansen added.
36% : Trump told Ukraine on Monday to give up hopes of getting back annexed Crimea or joining NATO, as he emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first after his meeting with Russian President Vladimir Putin in Alaska on Friday.

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