Oil prices are low now. West Texas oil is less than $66. Brent oil is $69.40. More news is coming.
People think people will want less oil. More oil will be made. This is a tricky thing.
Talks between countries are important. One minister is hopeful. But a leader gave a warning. The market watches these talks.
If talks go well, one country can sell more oil. This can make prices lower. If talks are bad, prices can go up.
A big group said less oil is needed. More oil will be made. This means there is much oil.
Fighting in one place hurts oil areas. This makes things worse.
Many things change oil prices. World news and money news are key. Prices are okay now. But some talks are not sure. This can change prices.