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In early Asian trading on Tuesday, international oil prices edged lower. Brent crude futures slipped 0.19% to $66.32 per barrel, while U.S. WTI September futures fell 0.45% to $62.43. The more actively traded October contract also retreated to $62.61. Compared with the roughly 1% gain in the previous session, prices showed signs of a technical pullback.

Market sentiment was largely driven by geopolitical headlines. U.S. President Donald Trump, after meeting with Ukrainian President Zelensky and European allies, revealed that he had spoken with Russian President Vladimir Putin and is planning a U.S.-Russia-Ukraine trilateral summit. Investors view this development as a potential step toward easing some sanctions on Russian crude, which could weigh on oil prices.

USOIL D1 Chart

From a technical perspective, the WTI daily chart shows prices breaking below key support, extending a choppy downward trend. The immediate support lies near the $62 level, and a further drop could open the way toward the $60 mark. On the upside, resistance is seen around $65, and a breakout above this level may pave the way to test the $68 region.

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