Russia
West Texas Intermediate crude futures also experienced a 0.3 percent rise, reaching $72.03 per barrel
Saudi welcomed last week's Trump-Putin phone discussion, aiming to unite both leaders in the Kingdom
Trump says he expects first meeting with Putin in Saudi, involving Crown Prince Mohammed bin Salman
Crude Oil WTI Futures set to expire in March increased by 0.7 percent to $71.17 per barrel
The U.S. dollar fell to near its lowest level since December 17 in reaction to disappointing U.S. retail sales data on Friday
Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel
Trump said he could meet Putin in 'not too distant future'
On Thursday, Trump asked his economics team to set up plans for reciprocal tariffs on every country taxing U.S. imports
This week, Brent was up 0.7 percent and WTI rose 0.5 percent
“We know the Crown Prince, and I believe it would be a great location to meet,” said the U.S. President
Russia is the world's third-largest oil producer and sanctions imposed on its crude exports have supported higher prices
