Oil prices dipped Monday as upcoming August 15 talks between Donald Trump and Vladimir Putin raised hopes of easing Russia sanctions. Brent slipped to $66.38 per barrel and WTI to $63.47 per barrel. Any sanction relief could pressure prices already hit by oversupply worries, OPEC+ hikes, and softer demand outlook. Russian exports averaged 4.3 million bpd in H1 2025.