President Donald Trump has spent the past several days on a diplomatic sprint, setting the groundwork for a potential trilateral meeting with Russian leader Vladimir Putin and Ukrainian President Volodymyr Zelenskyy to discuss pathways to end the yearslong war.

Oil prices edged up on Wednesday as investors awaited the next steps in talks to end the war in Ukraine, with sanctions on Russian crude remaining in place for now and the potential for further restrictions on buyers of its exports still looming.