Group 1 - International oil prices experienced a slight increase due to market participants buying on dips after a recent decline, and ahead of the meeting between the U.S. and Russian presidents [1] - As of the close on August 11, the price of light crude oil futures for September delivery rose by $0.08 to $63.96 per barrel, reflecting a 0.13% increase, while October delivery of Brent crude oil futures increased by $0.04 to $66.63 per barrel, a 0.06% rise [1] - Market analysts believe that the upcoming meeting between Presidents Trump and Putin may lead to a temporary agreement that would stabilize Russian oil exports [1] Group 2 - UBS oil analyst Giovanni Staunovo noted that the recent decline in oil prices is attributed to reduced expectations of supply disruptions, particularly as the U.S. only imposed tariffs on India and not on all Russian oil buyers [2] - UBS has revised its year-end price target for Brent crude oil futures down from $68 per barrel to $62 per barrel, citing increased supply from South America and resilient production from sanctioned countries [2]