As investors anticipate talks between the United States and Russia later this week on the war in Ukraine, oil prices rose slightly, after falling by more than 4% last week.

Brent crude futures rose by 36 cents, or 0.54%, to $66.95 per barrel at 12:02 GMT, while American West Texas Intermediate crude futures rose 34 cents, or 0.53%, to $64.22 GMT, while American West Texas Intermediate crude futures rose 34 cents, or 0.53%, to $64.22 GMT.

US President Donald Trump said on Friday that he would meet with Russian President Vladimir Putin on August 15 in Alaska to negotiate an end to the war in Ukraine.

UBS lowered its Brent price forecast for the end of the year to $62 per barrel from $68, citing higher supply from South America and resilient production from sanctioned countries.