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Trump’s Putin Meeting Could Send Oil Prices Wild. Why It’s Crucial for Crude.

1. U.S. oil prices rose ahead of Trump-Putin summit discussions. 2. Crude oil price may fluctuate based on Ukraine war outcomes. 3. Peace deal could drop oil prices below $60 a barrel. 4. Stricter sanctions may push crude prices above $80 a barrel. 5. Traders are cautious about potential repercussions from the summit.

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FAQ

Why Neutral?

Ongoing geopolitical tensions could affect SPY indirectly through energy sector fluctuations, akin to past oil shocks impacting broader markets.

How important is it?

The article connects high-stakes geopolitical issues to market behavior, which can affect ETF SPY indirectly through sector reactions, especially in energy.

Why Short Term?

Immediate reactions to the summit may quickly influence SPY, similar to past events where geopolitical outcomes shifted market sentiment rapidly.

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