Crude Oil Futures Fall Amid US-Russia Summit Agreement

Energy markets saw modest declines as crude oil futures tracked towards a weekly drop following the leaders' meeting between the US and Russia.

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Terms & Concepts
  • Futures Contract: A standardized legal agreement to buy or sell a commodity at a predetermined price at a specified time in the future.
  • Crude Oil Futures: Financial contracts that obligate the buyer to purchase, and the seller to sell, a specific quantity of crude oil at a set price on a future date.